2021-7-1 15:42 |
The Financial Times has released an article on the possible risks of decentralized finance
Similar to Notcoin - Blum - Airdrops In 2024
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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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The buzzing world of Decentralized Finance (DeFi) has racked up its fair share of brickbats and bouquets ever since rising to popularity in 2020. The post 5 ways to lessen personal and financial risks from DeFi exploits appeared first on CryptoSlate.
2021-6-30 07:00 | |
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While El Salvador is all set to officially make Bitcoin a legal tender on Sept. 7 and preparing to airdrop $30 in BTC to its every adult citizen, rating agency Fitch says this step means banks face higher risks, including violating rules against money laundering and terrorism financing.
2021-6-28 04:08 | |
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Finanstilsynet, Norway’s financial regulator has warned investors to be wary of the risks associated with crypto investments. The warning comes as cryptocurrency prices continue to decline with Bitcoin sipping below $30,000 for the first time in six months.
2021-6-23 13:01 | |
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Thinkium, a popular public chain project for community autonomy, considers it necessary to prevent financial risks in the DeFi Sector. DeFi, being a very essential financial instrument in the recent economy, is being faced with certain challenges that have the tendency of putting the wealth of many individuals at stake. This has geared concerns among […]
2021-6-17 19:34 | |
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The International Monetary Fund (IMF), a global, intergovernmental economic and financial body, condemned El Salvador’s move to make Bitcoin an official ‘legal tender’ in the country citing economic and legal risks.
2021-6-11 07:00 | |
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The International Monetary Fund (IMF) has warned of “a number of macroeconomic, financial and legal issues” surrounding El Salvador making bitcoin legal tender. “Crypto assets can pose significant risks and effective regulatory measures are very important when dealing with them,” an IMF spokesperson cautioned.
2021-6-11 03:30 | |
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The cryptocurrency market is notoriously volatile, with some cryptocurrencies experiencing more volatility in a single day than many traditional financial instruments experience in a whole week. While this volatility has made cryptocurrencies some of the most lucrative assets for speculators and investors, it also brings with it significant risks — since the market can experience […]
2021-6-10 20:33 | |
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The group has previously warned of "financial stability concerns" and risks faced by banks when it comes to cryptocurrencies.
2021-6-8 18:53 | |
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The Financial Crimes Enforcement Network (FinCEN) is hosting a virtual FinCEN Innovation Hours Program on September 9, 2021. The focus of the program is on “privacy-preserving principles in developing technical solutions that enhance financial services innovation while countering illicit activity and national security risks that undermine the integrity and opportunity of the U.
2021-5-27 17:16 | |
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Earlier last week, the European Central Bank published a new report on the financial stability of the European Union. The report, titled the Financial Stability Review (FSR), detailed potential risks of Bitcoin and other crypto-related assets.
2021-5-25 07:36 | |
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Talking about stablecoins' potential to enhance the payments system, Chairman Jerome Powell said they also “carry potential risks” to its users and the broader financial system. The post Federal Reserve Is Moving Forward with its Digital Dollar Plan; Starting with Publishing a Paper on CBDC first appeared on BitcoinExchangeGuide.
2021-5-21 16:00 | |
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The Australian Minister for Financial services and the digital economy, Senator Jane Hume, has sounded a warning to crypto investors telling them to be aware of the risks associated with the assets.
2021-5-20 21:20 | |
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Credit rating agency Fitch Ratings said that central bank digital currencies (CBDC) could disrupt financial systems as a result of disintermediation and cybersecurity threats. The post Fitch Ratings: CBDCs May Disrupt Financial Systems if Risks Not Managed appeared first on BeInCrypto.
2021-5-18 10:55 | |
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A broader consensus on strengthening the supervision of Bitcoin and crypto transactions is being formed, as per an opinion piece in the China Securities Journal (CS) on Sunday. The post China Securities Journal sounds alarm on financial risks related to Bitcoin and crypto appeared first on CryptoSlate.
2021-5-18 07:00 | |
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Nigeria’s Economic and Financial Crimes Commission (EFCC) has become the latest body to warn of risks associated with cryptocurrency investments. In a public warning, the law enforcement agency argues that investing in cryptos “is a high-risk activity as the terrain is largely unregulated and prone to fraud.
2021-4-28 09:30 | |
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The booming cryptocurrency industry is forcing national banks to look towards fiat-backed digital currencies as a way of regaining back control of the financial system. Even as the outcry for central bank digital currencies (CBDCs) is becoming more and more pronounced, many world governments are gradually launching their own independent programs to meet this growing […] The post Bank Of England And HM Treasury Launch CBDC Task Force to Evaluate Opportunities & Risks first appeared on BitcoinExchangeGuide.
2021-4-20 20:24 | |
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LinkFlow Finance has announced two strategic partnerships with different crypto firms to further its quest in decentralized finance. One of the partnerships is with Soteria, a blockchain-based mutual developed to share the risks associated with the decentralized financial ecosystem.
2021-3-25 14:08 | |
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A research conducted by a consulting firm commissioned by the UK Financial Conduct Authority (FCA), showed that younger consumers in the country were involved in high risk investments such as cryptocurrencies.
2021-3-24 14:01 | |
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German financial regulator BaFin wants retail investors to be aware of the risks associated with crypto investments, especially in the current bull market.
2021-3-19 16:38 | |
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As the traditional financial world begins its mainstream adoption of crypto assets, the process of legitimizing digital assets as financial products pose myriad of risks and regulatory challenges. Breaking Down the SEC’s Future Crypto Regulations Today, the U.
2021-2-28 07:30 | |
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Following Coinbase filing procedure, they released documents in which they have covered the company’s financial performance over the last few years. They also added a list of risk factors as challenges.
2021-2-27 18:40 | |
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On Wednesday, Governor Shaktikanta Das said that India’s central bank has “major concerns” about cryptocurrencies. He flagged potential risks leading to financial stability. Crypto Adoption Woes The Reserve Bank of India (RBI) has been fundamentally opposed to cryptocurrencies ahead of the government’s plans to introduce a law to ban this form of assets and instituteRead More
2021-2-25 00:00 | |
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Swedish Financial Supervisory Authority (FSA) has issued a warning to citizens regarding the trade of crypto-asset products. This comes after the regulatory body previously warned about the risks with trading in crypto-assets.
2021-2-23 14:00 | |
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Following the outcry over the Central Bank of Nigeria’s latest directive that targets cryptocurrencies, the institution has reaffirmed its stance with another statement. In the latest five-page document, the CBN insists that this directive is intended to protect the country’s financial system from the “risks” that are associated with cryptocurrencies. Debunked Claims Still, the central […]
2021-2-10 12:05 | |
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“DeFi has unleashed a wave of innovation,” says the paper, noting that it is a niche market that has recently gained a lot of traction and seeing rapidly growing volumes but with certain risks. The post Federal Reserve Research: DeFi is Leading Toward a “Paradigm Shift in the Financial Industry” first appeared on BitcoinExchangeGuide.
2021-2-9 17:28 | |
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Here's why Western corporate giants are unlikely to follow Elon Musk on his insane Bitcoin (BTC) journey
2021-2-10 17:11 | |
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The OCC chief wrote an opinion piece for the Financial Times saying the DeFi…
The post Comptroller of the Currency warns of new risks DeFi faces appeared first on Coin Journal.
2021-1-13 14:40 | |
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The warning comes a day after the regulator's U.K. counterpart, the Financial Conduct Authority, also raised similar concerns.
2021-1-12 14:00 | |
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UK regulator, Financial Conduct Authority (FCA) advised investors to be aware of certain, unnamed firms that offer investments in crypto assets that “promise high returns.” According to FCA, invesThe post UK FCA warns investors against crypto-related investment risks and scams appeared first on AMBCrypto.
2021-1-11 22:00 | |
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The UK’s financial regulator has recently issued a warning against crypto trading and investing. The country’s financial watchdog stressed the high risks and dangers of using cryptocurrencies, and particularly seeking to profit from the recent crypto rally, which brought increased volatility.
2021-1-11 12:55 | |
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The Financial Conduct Authority has warned the public about crypto investment with Bitcoin diving below $33,000.
2021-1-11 11:32 | |
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MARCH 17 – 18, 2021 | DUBAI, UAE This is undoubtedly a time for organisations to remain alert given the increased opportunities for hackers due to work-from-home policies being stretched to unplanned levels, the pandemic has completely disrupted Financial Services Sector perception and planning around strategic, operational, technological and financial risks.
2020-12-24 15:25 | |
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New research suggests financial risks may not be the only concern for users of DeFi products and dApps, with several “critical but non-financial” issues plaguing popular tools. The post Research shows 12 major “non-financial” risks exist on Ethereum dApps appeared first on CryptoSlate.
2020-12-12 15:06 | |
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What will it take to get decentralized finance (DeFi) to deliver the promised land of low fee financial services owned by its users? Many DeFi users will argue that day is already here. They are enjoying 10–30 times higher interest from liquidity pools than traditional savings accounts and lending rates under 1 percent across many […]
2020-12-11 13:34 | |
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Beyond the obvious financial risks, there are a number of technical risks DeFi users should be aware of.
2020-12-12 06:11 | |
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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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Stablecoins could "threaten financial security" if widely adopted, the ECB head said in a magazine interview.
2020-12-1 21:58 | |
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The chief economist for the Bank of England, Andy Haldane, says digital currencies could reduce the country's prevalence of negative interest rates. In a statement, Haldane further spoke on the pros and possible risks that widely-accepted digital currencies have on the financial system.
2020-11-19 17:34 | |
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From March 2021, cryptocurrency exchanges and virtual currency providers in South Korea will be barred from handling “dark” coins and assets that heighten money laundering risks, the country’s main regulator, the Financial Services Commission (FSC), in a notice on Nov 3, said.
2020-11-5 20:59 | |
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The New York Department of Financial Services (NYDFS) has sent out a letter to several financial institutions warning against Bitcoin mining and climate change risks. The Oct 29 letter, which is signed by Superintendent Linda Lacewell and addressed to the heads of these institutions, specifically mentions crypto mining as a risk factor.
2020-10-30 15:25 | |
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The New York financial watchdog has urged companies to be more mindful of risks associated with climate change. Asked to Pay Closer Attention to Risks Associated with Climate Change On Thursday, the New York financial regulation – The New York Department of Financial Services (NYDFS) – sent a letter to all regulated crypto companies sayingRead MoreRead More.
2020-10-31 14:00 | |
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The New York Department of Financial Services expects all firms, including virtual currency businesses, to start assessing climate change-associated financial risks.
2020-10-30 16:30 | |
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The structure of Kraken Financial is “prone to the same types of run risks as medieval banks and so-called “shadow banks,” said a non-partisan advocacy group representing the nation’s leading banks, Bank Policy Institute.
2020-10-22 19:31 | |
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The Bank of Canada is hiring an economist for “Digital Currencies and Financial Technologies. ” As per the official page, Canada's central bank is currently engaged in a “large-scale research program to analyze the risks and opportunities” of the new developments in the fintech sector.
2020-10-18 15:44 | |
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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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Crypto derivatives are now among the most common financial products on any cryptocurrency exchange or trading platform, thanks to increased interest among the trading community. Trading crypto derivatives has its own advantages as it allows users to mitigate volatility-associated risks and hedge against potential losses.
2020-10-13 16:28 | |
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Chris Larsen said China's "itching" to be the one that designs the next financial system and that the U.S. is "woefully behind."
2020-10-12 18:56 | |
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What are CBDCs and the risks they possess, and how might they reshape our economies?
2020-8-22 19:00 | |
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