Global regulators, including the Financial Stability Board (FSB), are considering additional regulatory measures for the crypto industry to prevent potential risks and destabilization of the wider financial system. The recent conflicts in West Asia and Europe have brought attention to the complex relationship between cryptocurrency and global affairs. Hong Kong lawmakers are calling for swifter action in response to a crypto fraud scandal. SoFi is exiting the crypto business due to increased scrutiny by banking regulators, prompting customers to liquidate their accounts or move to other providers.
SoFi exits crypto business https://t.co/YtblXs660c via @bankingdive
SOFI IS EXITING CRYPTO WITH BANKING REGULATORS STEPPING UP SCRUTINY $SOFI told crypto customers they will need to liquidate their accounts in coming weeks, or move to crypto exchange and wallet provider Blockchain(.)com - Bloomberg
SoFi is exiting crypto even with token prices surging because of increased scrutiny of the sector by banking regulators https://t.co/KjjuQiZZyA
SoFi is exiting crypto even with token prices surging because of increased scrutiny of the sector by banking regulators https://t.co/sGscWjnVGv
SoFi is exiting crypto even with token prices surging because of increased scrutiny of the sector by banking regulators https://t.co/HdtczLjGIL
SoFi is exiting crypto even with token prices surging because of increased scrutiny of the sector by banking regulators https://t.co/jqHUPJ6abS
The #UK is attempting to outline their regulatory strategies for the broader #crypto industry with a specific focus on #stablecoins. This could serve as an intriguing model for the global #community, writes Sauradeep Bag https://t.co/V4l262pnzU
The #UK is attempting to outline their regulatory strategies for the broader #crypto industry with a specific focus on #stablecoins. This could serve as an intriguing model for the global #community, writes Sauradeep Bag https://t.co/V4l262oPKm
As regulatory scrutiny intensifies, venture-capital firms may find their own reputation is on the line when they make crypto investments, @emilyjnicolle writes. https://t.co/5UHdKVSt5E
As regulatory scrutiny intensifies, venture-capital firms may find their own reputation is on the line when they make crypto investments, @emilyjnicolle writes. https://t.co/BGp6V4iGvq
As regulatory scrutiny intensifies, venture-capital firms may find their own reputation is on the line when they make crypto investments, @emilyjnicolle writes. https://t.co/UUTMvRYJNV
"When are regulators going to hold crypto accountable?" (@TheHillOpinion) https://t.co/IKl4aY6av4 https://t.co/oJdJQ4AdWc
Hong Kong Chief Executive John Lee says he may arm regulators with more powers to crack down on unlicensed crypto exchanges if needed in response to recent scams. @camomileshumba https://t.co/OOnZVcMRPr
The Financial Stability Board report emphasizes the need for enhanced crypto regulations following the FTX collapse to address risks in the sector https://t.co/RweeEaBr2d
The #UK is not alone in the efforts to regulate the #crypto #financial space; many countries worldwide are actively working to establish appropriate frameworks, highlights Sauradeep Bag https://t.co/V4l262oPKm
The global financial watchdog, the Financial Stability Board (FBS), suggested crypto might need additional regulatory measures to prevent another FTX-like situation at the hands of crypto-asset intermediaries. https://t.co/wXQH4cHRI1
Hong Kong lawmakers call for swifter action as another crypto fraud scandal rocks investors https://t.co/5fKJoqzGvU
Global regulators to assess if more crypto safeguards needed https://t.co/sZqJweanYD https://t.co/ylzgNKfs4E
The recent conflicts in #WestAsia and #Europe have brought focus to the complex relationship between #cryptocurrency and global affairs, states Sauradeep Bag https://t.co/mFCUn7Dppk
The failure of crypto firms that engage in multiple activities like proprietary trading and lending is not a big threat to the real economy, but further study is required, says global financial stability watchdog @FinStbBoard. By @amitoj https://t.co/LvLhYZ3IUE
Global regulators to assess if more crypto safeguards needed More measures may be needed to stop blow-ups at complex crypto firms like FTX from destabilising the wider financial system, the global Financial Stability Board (FSB) said on Tuesday. https://t.co/JdpLMtivPN
The #UK is attempting to outline their regulatory strategies for the broader #crypto industry with a specific focus on #stablecoins. This could serve as an intriguing model for the global #community, writes Sauradeep Bag https://t.co/V4l262pnzU
The #UK is not alone in the efforts to regulate the #crypto #financial space; many countries worldwide are actively working to establish appropriate frameworks, highlights Sauradeep Bag https://t.co/V4l262oPKm