2023-9-7 23:30 |
Global regulators, including the IMF, are working to reduce risks that cryptocurrencies may pose to economic and financial stability origin »
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The European Securities and Markets Authority argued that DeFi was still too small to pose any sizeable risks to overall financial stability, but should be monitored.
2023-10-12 07:11 | |
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The International Monetary Fund (IMF) and the Financial Stability Board (FSB) published a report commissioned by G20 under India’s leadership, outlining a comprehensive framework for regulating crypto-assets like Bitcoin and stablecoins today, Sept.
2023-9-7 13:53 | |
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Janet Yellen called for further regulation of nonbank institutions, claiming they pose a systemic risk to U.S. financial stability.
2023-4-24 09:18 | |
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The US prosecutors were looking into Signature Bank’s dealings with crypto clients when regulators abruptly shut down the institution on March 12. The regulators said that keeping the bank open would pose a threat to the stability of the entire…
2023-3-15 14:18 | |
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A federal United States government organization said crypto markets pose a threat to broader financial stability if they continue growing without more thoughtful oversight and enforcement. The post US consumer protection watchdog warns crypto could pose risk to financial stability appeared first on CryptoSlate.
2022-10-5 12:45 | |
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The rise of Circle’s USDC stablecoin – as opposed to the controversial Tether (USDT) – is a threat to the broader financial system, as it could increase the chance of run risks from smaller issuers, researchers at the Federal Reserve Bank of New York wrote in a new paper published Monday.
2022-10-4 20:32 | |
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Michel S. Barr, the Fed Vice Chair for Supervision, says that the regulation and oversight of stablecoins and other private money, if unregulated, could pose financial stability risks to the US economy.
2022-9-16 17:52 | |
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The prospective widespread use of cryptocurrencies within a fully developed metaverse could pose a systemic risk to financial stability, according to Bank of England researchers. The post Crypto Use in Metaverse Could Threaten Financial Stability, Says BoE appeared first on BeInCrypto.
2022-8-11 23:00 | |
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The Bank of England, in a report, has made claims that the sharp volatility of crypto assets gives the asset class the potential to pose a “systemic risk” to financial stability within the country.
2022-7-15 17:09 | |
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The Bank of England argues that there is potential for crypto to pose greater threats to financial stability with greater integration into the traditional finance system. The post Bank of England Cites Crypto Integration With Traditional Finance a Risk to Financial Stability appeared first on BeInCrypto.
2022-7-6 02:13 | |
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ECB's Christine Lagarde wants to regulate cryptocurrency staking and lending
2022-6-22 22:03 | |
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As one of crypto world’s major stablecoins – TerraUSD (UST) – slid toward disaster this week, it hasn’t triggered any meetings of U. S. government officials. Despite the recent federal stance that stablecoins could pose a rising threat to the U.
2022-5-11 20:44 | |
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The Federal Deposit Insurance Corp. is advising banks to contact it if they are currently engaged in or intend to engage in cryptocurrency-related activities. The FDIC notes that exposure to crypto assets may pose “safety and soundness hazards, as well as financial stability problems.
2022-4-8 11:10 | |
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Fintech firms could soon face the kind of caps on lending that banks face when markets like housing overheat, the European Systemic Risk Board said.
2022-4-1 12:11 | |
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The International Monetary Fund (IMF), recently warned about a growing connection between crypto and equity markets that pose risks to financial stability. The post IMF fears spillovers between crypto and equity markets, questions the “light touch” regulatory approach appeared first on CryptoSlate.
2022-1-12 19:00 | |
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Cryptocurrencies do not pose serious risks to financial stability, and stablecoins, if properly regulated, could become a useful part of the financial system, said US Federal Reserve Chairman Jerome Powell.
2021-12-18 17:12 | |
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The Bank of England released a report yesterday detailing the financial situation in the country, and it seems satisfied that cryptocurrencies do not pose a significant risk to England’s financial stability given their limited outreach in the financial sector.
2021-12-15 21:46 | |
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The Financial Policy Committee of the Bank of England has today published a report on the financial stability in the U. K. , a report that also contains the position of the committee on crypto assets.
2021-10-8 18:00 | |
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One of the ‘Big Three credit rating agencies’ doesn’t expect large volumes in crypto-exposed funds in the next one to two years, but if other regulators follow Germany’s suit, AUM could eventually reach levels sufficient to pose greater financial stability risks.
2021-8-13 16:45 | |
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The US Senate discussed the risks cryptocurrencies pose to financial stability and called for tighter regulation of the crypto industry.
2021-8-5 17:40 | |
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Bank of England Deputy Governor Jon Cunliffe believes that cryptocurrencies are not big enough to pose financial stability risk. “They’re not of the size that they would cause financial stability risk, and they’re not connected deeply into the standing financial system,” said the deputy governor.
2021-7-18 06:30 | |
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Jon Cunliffe, the Deputy Governor of the Bank of England (BoE), has come out to disclose that cryptocurrencies do not pose an immediate threat to financial stability. Cunliffe unveiled this news during an interview on July 14, saying the crypto sector is not big enough to pose a systemic risk to the global financial system.
2021-7-16 21:32 | |
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The Federal Reserve’s vice chairman of supervision and the chair of the Financial Stability Board (FSB), Randal K. Quarles, doubts the benefits of the digital dollar but says it “could pose significant and concrete risks” to the U.
2021-7-1 04:30 | |
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ECB President Christine Lagarde downplays any risks bitcoin and other cryptocurrencies could pose to financial stability and monetary sovereignty. In contrast, she sees stablecoins, such as Facebook-backed libra, as posing “serious risks.
2020-12-1 03:30 | |
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The Financial Stability Board has warned that global stablecoins could pose systemic risks to the monetary systems of nation-states.
2020-10-15 06:46 | |
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The Financial Stability Board (FSB) says government and regulators should closely monitor the emerging trend of BigTech companies entering the crypto payments and digital money transmission markets.
2019-12-10 18:45 | |
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Senior U.S. financial regulators warn that stablecoins pose risks to the economy in an annual report from the Financial Stability Oversight Council
2019-12-6 14:22 | |
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According to its Financial Stability Report of November 2019, the Board of Governors has warned about the dangers of stablecoins.
2019-11-17 18:15 | |
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Stablecoins only “complementary” if they obey regulators, suggests Fed
2019-11-16 13:45 | |
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The G7 and Bank for International Settlements published a joint report criticizing cryptocurrencies and stablecoins, which pose a threat to financial stability.
2019-10-24 23:13 | |
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The Financial Stability Board has informed the G20 finance ministers and central bank chiefs of the risks stablecoins could pose to financial stability. Unlike crypto assets which do not pose financial stability risk at this time, stablecoins could pose a host of challenges.
2019-10-16 13:05 | |
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The growth in stablecoin usage has soared since late 2017, and this has regulators and government bodies across the world incredibly worried. A new report formulated by central bank officials of the G7, the IMF, and the Financial Stability Board, believe that global stablecoins pose a systemic threat to the global economy and monetary stability,Read MoreRead More.
2019-10-14 19:00 | |
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Coinspeaker G7 States Libra May Pose Threat to Financial StabilityThe G7 believes that Libra, as well as other global stablecoins, may negatively influence the financial situation in the world.
2019-10-14 13:31 | |
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The G7 has released a report claiming that “global stablecoins” could pose a threat to global financial stability.
2019-10-15 03:40 | |
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Stablecoins could pose “regulatory challenges,” says Randall Quarles, chair of the Financial Stability Board
2019-10-4 16:24 | |
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The European Union needs to establish a common set of rules for cryptocurrencies to counteract risks posed by Facebook’s Libra, France’s Finance Minister Bruno Le Maire said today. According to Reuters, Libra could pose risks to consumers, financial stability and even “the sovereignty of European states,” Le Maire said.
2019-9-13 13:34 | |
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Congressman Brad Sherman, a vocal critic of the crypto industry, again called for a complete ban on cryptocurrencies. Sherman said Bitcoin had no real use other than to fund illicit activities and warned about the risks cryptocurrencies pose to the political and financial stability in the U.
2019-7-20 21:44 | |
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The G20 leaders jointly issued a declaration on crypto assets at the end of their summit in Osaka, Japan. They declared their commitments, reaffirmed that crypto assets do not pose a threat to global financial stability, and requested further work done by standard-setting bodies.
2019-7-2 12:35 | |
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Economists have been predicting a worldwide recession which could pose a risk to financial stability throughout various countries. Fear of an economic downturn has caused the central bank of Australia to cut interests rates on Tuesday and both the U.
2019-6-6 21:52 | |
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As the G20 summit approaches, member countries have been discussing how to implement the standards set by intergovernmental organizations such as the Financial Action Task Force. While there may be some challenges in complying with the standards, the European Central Bank says the risks crypto assets pose to the euro area’s financial stability are manageable.
2019-5-29 04:55 | |
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The European Central Bank has said that cryptocurrencies are currently not a threat to financial stability in the euro zone.
2019-5-20 11:20 | |
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By CCN: The European Central Bank (ECB) has found that crypto does not pose risks to financial stability in the Eurozone. The central bank does recommend, however, that European legislatures create a uniform approach to crypto-assets.
2019-5-19 15:40 | |
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The Basel Committee on Banking Supervision (BCBS), a supranational banking watchdog, has warned that the growth of crypto assets like bitcoin pose a threat to banks and global financial stability, despite “very limited direct exposures.
2019-3-14 01:30 | |
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The Indian government panel tasked with drafting crypto regulation is reportedly worried that cryptocurrencies could destabilize the rupee if they are accepted as payments. Its concern came to light despite evidence that cryptocurrencies do not currently pose a threat to financial stability.
2019-2-5 09:05 | |
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One of the most important banking institutions around the world, the Financial Stability Board (FSB) is convinced that Bitcoin (BTC) and other digital assets do not pose risks to the world economy. The FSB is in charge of monitoring the global economy and there are more than 20 representatives from G-20 countries. The information was […]
2019-1-7 10:14 | |
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The Financial Stability Board, a global inter-governmental body with over 20 member countries, has ruled that virtual currencies are not a threat to the world economy. The assessment could have an impact on India, whose central bank is part of the board.
2019-1-5 11:38 | |
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The Reserve Bank of India issues its annual financial report, stating that cryptocurrencies pose no threat to the financial industry.
2019-1-5 21:32 | |
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Even though there is seemingly a lot of positive momentum in the cryptocurrency industry, most markets remain somewhat fragile right now. That is not abnormal during the weekend, yet it is evident sustaining any uptrend will pose its own challenges.
2018-12-9 22:45 | |
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Cryptocurrencies do not pose a threat to global financial stability, but the diverse range of national regulatory regimes throughout the world continues to complicate efforts to establish an international legislative framework overseeing their use, the Financial Stability Board says in a new report.
2018-10-11 22:30 | |
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US Senator Cynthia Lummis has filed an amicus brief supporting Coinbase in its ongoing legal battle against the Securities and Exchange Commission (SEC), accusing the agency of exceeding its authority and undermining congressional oversight.
Coinbase has received approval to launch its platform in Argentina after successfully registering as a Virtual Asset Service Provider (VASP) with Argentina’s National Securities Commission (CNV), according to a Jan.
With veteran investor Scott Bessent confirmed as treasury secretary, crypto markets are bracing for potential shifts in U.S. policy under Trump’s leadership. Scott Bessent, a billionaire hedge fund manager, has been confirmed by the Senate in a 68-29 vote as…
For the first time, the IRS has successfully prosecuted a case of tax fraud solely involving crypto. The U.S. Internal Revenue Service has won a major victory, setting a legal precedent in the fight against crypto-related tax fraud. In December…
Interoperability, privacy, and infrastructure still pose hurdles to retail CBDC adoption, a survey by GlobalData reveals. Central bank digital currencies are still a tough sell, even where they’ve officially launched.
On Jan. 28, KuCoin pleaded guilty to a United States judge for failing to implement proper anti-money laundering protocols and will now have to pay $297 million in fines.
Caroline Pham said the CFTC would “get back to basics,” using a series of roundtable talks with crypto industry bigwigs to tackle regulatory pain points.