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21 January 2021

Blockstack's Stacks Tokens Could Be Tradable in US Amid New Blockchain Launch - CoinDesk

Blockstack's Stacks Tokens Could Be Tradable in US Amid New Blockchain Launch - CoinDesk


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With the launch of a new blockchain – Stacks 2.0 – earlier next year, Blockstack PBC’s cryptocurrency Stacks tokens (STX) could be available to investors in the U.S.

With the adoption of a fully developed version of the Stacks Blockchain, Stacks Blockchain 2.0, which is anticipated at the end of 2020 or the beginning of 2021, it means that PBC “will play a significantly reduced role in the Stacks Blockchain ecosystem, and no longer will have the ability to, among other things, unilaterally make changes to the Stacks Blockchain, issue new Stacks Tokens, or otherwise, control or even necessarily influence the development of the Stacks Blockchain 2.0,” according to documents released by Muneeb Ali, the co-founder and chief executive of Blockstack PBC, on Dec7

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