Imagine money that lives on the internet – that's cryptocurrency! The government in the US is thinking about new rules for a special kind of internet money called 'stablecoins'. These are like digital dollars, always worth about the same as a real dollar.
A new bill wants to make sure these stablecoins are safe and don't cause problems. It's like having grown-up rules for online money!
- New rules for internet money called stablecoins.
- These are like digital dollars, always worth about the same.
- The government wants to keep them safe and prevent scams.
- Companies that make these digital dollars will need special licenses.
| Rule | Details |
|---|---|
| Who can make them? | Only special companies with licenses. |
| How much money to keep? | They must keep the same amount of real money as digital money. |
| Penalties for breaking rules | Big fines ($1 million!) and even jail time. |
