Crypto On LYO: The Blend — Bill to Shield Crypto Exchanges from SEC Enforcement Actions, McDonald’s Accepting BTC and USDT in Swiss Town, LYOPAY on FBS, and more

What happened in the crypto world in the last week? Let’s see some interesting news together!

Bill to Shield Crypto Exchanges from SEC Enforcement Actions Proposed

United States Senator Bill Hagerty put forward the Digital Trading Clarity Act of 2022, a legislation to mitigate certain enforcement actions of the Securities and Exchange Commission (SEC) against cryptocurrency exchanges.

The bill seeks to clarify regulations about the classification of digital assets and related liabilities under existing securities laws.

According to Sen. Hagerty, ambiguities in regulation will fend off investments and hinder job opportunities. However, the senator added that when the legislation is passed, it will give crypto businesses the certainty they need and boost the growth and liquidity of the cryptocurrency markets in the United States.

McDonald’s Begins Accepting BTC and USDT in Swiss Town

A McDonald’s branch in Lugano, Switzerland has started to accept Bitcoin and Tether as payment methods.

Bitcoin Magazine uploaded a one-minute video on Twitter on Oct. 3 that features a person ordering food at a McDonald’s digital kiosk. The person then goes to the cashier and pays for the meal by opening a mobile app and tapping the phone on the POS terminal that accepts Bitcoin and USDT.

LYOMERCHANT is Finally Here

LYOPAY has rolled out its crypto payment gateway, LYOMERCHANT. Business owners can now accept cryptocurrencies as payments online or in-store seamlessly. They can integrate the LYOMERCHANT plug-in into their website and purchase a POS terminal to receive online and in-store crypto payments.

LYOMERCHANT also features Fast Pay. Here, a merchant can send a unique URL where customers can send their payments without knowing the merchant’s wallet address.

LYOPAY on Future Blockchain Summit

LYOPAY will join the 5th Future Blockchain Summit as Strategic Partner on October 10-13, 2022. Future Blockchain Summit is the first and largest blockchain conference of the MENA region. It is where crypto enthusiasts and investors from different parts of the globe come together and discover dozens of innovative crypto projects that can change the world.

LYOPAY will showcase its ecosystem of crypto tools and services such as LYOTRADE, LYOTRAVEL, LYOMERCHANT, and more.