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A16z Calls on the US Treasury to Exempt Decentralized Stablecoins from Regulation
BlockBeats News, November 12th, A16z Crypto submitted a proposal to U.S. Treasury officials, calling for clarification of key definitions in new stablecoin regulations, arguing that decentralized digital assets should be exempt from regulation to foster innovation. In a letter to Treasury Secretary Scott Bessent on November 4th, the company responded to the proposed rulemaking notice earlier this year under the GENIUS Stablecoin Act.
A16z Crypto praised the GENIUS Act in the letter as a "significant step towards the future of digital finance," while also calling for clarification on whether decentralized stablecoins fall outside the scope of the Act. Citing LUSD backed by Ethereum collateral as an example, the company argued that decentralized stablecoins are issued through autonomous smart contracts and not controlled by a central entity.
The letter pointed out: "The Treasury should clearly state that, as decentralized stablecoins are not issued by an 'individual' in the sense of the Act, they are not subject to the restrictions of Section 3(a)." According to the letter, Section 3(a) restricts the issuance of U.S. payment stablecoins to only allowable issuers.
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.
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