2024-5-2 18:48 |
The UK Treasury presented a report on the department's work over the past two years, highlighting the risks associated with crypto.
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Between 2022 and 2023 Crypto alongside retail banking, wholesale banking and wealth management posed the greatest risk of being exploited for money laundering, a report by the U.K. Treasury department showed.
2024-5-1 13:49 | |
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U.S. Treasury Secretary Janet Yellen is poised to warn Congress about the specific threats that cryptocurrencies and stablecoins pose to the financial stability of the country
2024-2-6 09:31 | |
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The US Treasury Department advances a robust proposal targeting crypto mixers to mitigate money laundering risks. This initiative, amidst growing national security concerns, symbolizes a notable regulatory move towards shaping the global financial system.
2023-10-20 03:08 | |
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The recent move by Israel to freeze cryptocurrency accounts associated with Hamas underscores the risks of relying on centralized exchanges like Binance. While Israel says the freeze aims to divert funds to the state treasury, it also demonstrates the lack of true decentralization in how some cryptocurrencies are currently used.
2023-10-11 22:49 | |
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The Treasury says it has learned lessons from FTX's collapse, and that gambling law doesn’t deal with crypto risks.
2023-7-20 13:43 | |
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The Australian government is addressing the risks of cutting banking services to crypto exchanges amid a flurry of banks restricting certain services over scams.
2023-6-30 12:08 | |
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Graham Steele, Assistant Secretary for Financial Institutions, underlined the potential risks of a retail CBDC. Steele believes that having several options for payment operations promotes compeThe post U.
2023-6-14 15:30 | |
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As the Treasury Department studies a possible central bank digital currency, senior official Graham Steele says the effort is looking at privacy, but is also wary of CBDC run risks.
2023-6-14 19:44 | |
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U. S. Treasury Secretary Janet Yellen said there is a need for “additional regulation” to ensure consumers and investors are protected from the “inherent” risks present in the crypto industry.
2023-6-8 20:20 | |
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The U.S. Department of Treasury issued a stark warning, stating that the rise of decentralized cryptocurrency markets poses a significant threat to national security, with concerns ranging from illicit activities to financial stability risks.
2023-4-7 01:53 | |
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The United States Treasury Department has issued a report warning of the growing security risks associated with the decentralized finance (DeFi) sector, highlighting vulnerabilities that illicit actors exploit for money laundering and evasion of regulator
2023-4-7 20:06 | |
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The Treasury's first analysis of illicit finance risks associated with DeFi recommends the U.S. look at enhancements to its existing anti-money laundering regime.
2023-4-8 17:00 | |
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Treasury Secretary Janet Yellen assured the markets that the federal government is dedicated to protecting deposits on the back of two bank failures. The post Janet Yellen Grilled on Bank Failures, Proposes Only Banks With Systemic Risks Get Refunded appeared first on BeInCrypto.
2023-3-17 10:31 | |
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NFT regulation in the U.K. is “essentially non-existent,” according to the DCMS committee, and MPs intend to evaluate the assets before a review by the treasury department. Seeking Public Opinion on NFTs The UK’s Digital, Culture, Media and Sport Committee…
2022-11-5 02:00 | |
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The public has until Nov. 3 to submit comments on the Treasury addressing ransomware attacks, the illicit finance risks of cryptocurrency mixers and DeFi, and coordinating AML/CFT policy.
2022-9-20 21:48 | |
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The Treasury Department was downbeat on crypto in two publications produced in response to the president’s executive order on digital asset development issued in March.
2022-9-17 23:39 | |
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Economist Lawrence H. Summers has been the leading voice in the national debate on inflation. What are the risks ahead once inflation is tamed? Will slow-growth and secular stagnation re-emerge? Dubai UAE September 16th 2022: Lawrence H.
2022-9-17 22:03 | |
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Treasury Secretary Janet Yellen said that while there are risks to digital assets, there could be significant opportunities. Treasury Shares Crypto Reports Six months after President Biden signed an executive...
2022-9-17 17:05 | |
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Cryptocurrencies pose threats and risks to investors and they require strong regulation – US Treasury is expected to share in its report
2022-9-8 17:05 | |
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The Fantom market on Aave v3 adds just $30 each day to the DeFi protocol's treasury; developers are also concerned that the integration creates security risks.
2022-8-3 19:00 | |
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The unresolved issues in the bill reportedly included provisions on custodial wallets from the Treasury Department, and concerns from the Securities and Exchange Commission.
2022-7-26 23:30 | |
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Crypto adoption is growing at a rapid rate, and the UK does not wish to be perceived as backward with regard to keeping up with global regulatory trends. This is especially evident in the UK Treasury’s recent Inquiry into the crypto asset industry.
2022-7-15 23:13 | |
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The public has until Sept. 12 to submit evidence, which the committee may use in its report to Parliament on the risks and opportunities related to crypto and DLT.
2022-7-14 21:45 | |
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Access to CBDCs reduces banks’ need to insure against liquidity risks and gives policymakers greater information about trouble in the financial system, according to the study.
2022-7-13 02:45 | |
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In response to the recent collapse of controversial crypto project Terra, Britain is looking into ways to ensure stablecoins don’t threaten their wider financial system. Her Majesty’s Treasury printed a new consultation paper on Tuesday, May 31, 2022, regarding minimizing the risks of the possible collapse of stablecoins and many more digital currencies by utilizing […]
2022-6-2 01:06 | |
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The Treasury wants to empower the Financial Market Infrastructure Special Administration Regime to oversee the safe return of customer funds in the event of a stablecoin collapse.
2022-6-1 18:21 | |
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U.S. Treasury Secretary Janet Yellen has called on Congress to pass stablecoin legislation, referencing UST’s recent depeg event. Yellen Highlights Stablecoin Risks Stablecoins are facing increased scrutiny from the U.S....
2022-5-10 19:31 | |
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U.S. Treasury Secretary Janet Yellen focused on the ongoing distress of stablecoin UST during testimony before a U.S. Senate panel on Tuesday, just hours after the purportedly dollar-pegged token plummeted to a low of $0.65 and at least one platform halted trading.
2022-5-10 17:38 | |
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The U.S. government again named stablecoins as a potential threat to the stability of the financial system, with both the Federal Reserve and a senior Treasury official saying Monday that the tokens are vulnerable to runs.
2022-5-10 00:51 | |
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The Treasury admits there’s not much crypto-aided sanctions evasion going on, stablecoins attract regulatory attention, and a fourth futures-based BTC ETF secures approval.
2022-4-12 21:18 | |
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"Digital asset exchanges and other digital native intermediaries — they should be subject to appropriate forms of oversight,” said Janet Yellen.
2022-4-8 19:45 | |
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The United States Treasury secretary Janet Yellen highlighted the need for new cryptocurrency-focused regulatory frameworks “designed to support responsible innovation while managing risks” in her remarks during an April 7 speech at American University.
2022-4-7 18:00 | |
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The United States Treasury secretary Janet Yellen highlighted the need for new cryptocurrency-focused regulatory frameworks “designed to support responsible innovation while managing risks” in her remarks during an April 7 speech at American University.
2022-4-8 18:00 | |
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The initiative centers around informing the public about the potential risks of investing in crypto.
2022-3-9 21:33 | |
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Treasury officials are studying the risks if too many people decide to withdraw their stablecoins all at once.
2021-9-14 14:51 | |
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Tether (USDT/USD) and Facebook’s Diem, formerly Libra, were the main topic in a recent private meeting that discussed the risks stablecoins pose to financial systems. A report citing people familiar with the matter disclosed this news on July 27, noting that the US Treasury Secretary, Janet Yellen, led the meeting, which comprised the President’s Working […] The post US financial regulators voice concerns over Tether and Facebook’s Diem appeared first on Invezz.
2021-7-29 16:34 | |
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Stablecoins to be the center of discussion in the upcoming meeting among federal financial regulators in the U. S. U. S. Financial Regulators to Discuss Stablecoins U. S. Treasury Secretary Janet Yellen announced yesterday that a meeting would be convened on July 19 to discuss stablecoins and their potential benefits and risks.
2021-7-17 20:00 | |
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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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The government of Spain continues to harden its stance against widely adopting cryptocurrencies. The Spanish Secretary of State for the Economy recently expressed her concerns on risks that she thinks cryptos possess for the national economy.
2021-2-17 07:00 | |
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Four U. S. lawmakers have sent a letter to Treasury Secretary Steven Mnuchin, warning of the risks of restricting the use of self-hosted cryptocurrency wallets. Their concerns follow reports that the Treasury Department may be on the verge of imposing such strict cryptocurrency regulations aimed at self-hosted crypto wallets.
2020-12-13 22:30 | |
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The Treasury Department wants state and federal regulators to keep a vigilant watch on digital asset innovation.
2020-12-4 14:05 | |
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The U.S. Treasury is working to enforce sanctions in crypto but economic war risks isolating the country
2020-3-15 18:00 | |
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United States' financial regulators on Wednesday, 4 December, appealed to federal and state officials to monitor risks from digital assets like Bitcoin. The panel consisted of Treasury Secretary SteveThe post United States' FSOC asks officials to monitor risks from digital assets appeared first on AMBCrypto.
2019-12-5 13:34 | |
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U. S. Treasury yields extend their slide on Thursday; 10-year yield hits 1. 82%. Trade-deal uncertainty continues to cloud investors’ decisions. Although the yield curve is no longer inverted, markets are still worried about the economy.
2019-11-14 19:05 | |
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The U.S. Treasury has agreed that there is a need to monitor Libra and the risks it may pose following a letter from Congressman Emanuel Cleaver
2019-10-24 22:54 | |
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The Treasury Department has committed to monitoring the Facebook-led cryptocurrency project Libra alongside regulatory efforts by Congress.
2019-10-23 14:20 | |
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U.S. Treasury Secretary Steven Mnuchin believes cryptocurrency transactions may pose certain risks to the financial system as they could potentially be used fund illicit activities such as money laundering and drug trafficking. Mnuchin’s recent comments...
2019-7-25 12:35 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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The UK Treasury Committee published a report on crypto-assets for its Digital Currencies inquiry. In the report, they seem keen on pushing a ‘Wild West’ analogy. Time Flies… The Digital Currencies inquiry was launched in February of this year, with a remit to “cover the role of digital currencies in the UK.
2018-9-20 10:00 | |
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A report released by the U.K.'s All Party Parliamentary Group on crypto and digital assets urges the government to carefully consider the introduction of a CBDC, or "digital pound."
Recent reports indicate that Britain is already planning to introduce laws targeting the regulation of the crypto industry in the next 12 months.
Coinspeaker UK Government Suspends Plans to Launch State-Owned NFT In a statement about reasons for the halt of NFT plans, Chair of the Treasury Select Committee Harriet Baldwin cited the uncertainty across the cryptocurrency sector.
U.K. Chancellor of the Exchequer Nadhim Zahawi laid out plans in the Financial Services and Markets bill to regulate stablecoins. The post New UK Treasury Minister Proposes New Regulations for Stablecoins appeared first on BeInCrypto.