Global regulators, including the Financial Stability Board (FSB) and Singapore's central bank chief, are concerned about private cryptocurrencies and the potential destabilizing effects of complex crypto firms like FTX. The FSB suggests that crypto-asset intermediaries might need additional regulatory measures to prevent another FTX-like situation. Singapore is paving the way for Central Bank Digital Currencies (CBDCs) and regulated stablecoins, while the UK and other countries are also actively working on their own regulatory frameworks. The global regulators' assessment on the need for more crypto safeguards is ongoing.
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
Global regulators to assess if more crypto safeguards needed https://t.co/sZqJweanYD https://t.co/ylzgNKfs4E
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
Singapore’s central bank chief makes bold prediction on private cryptocurrencies as the country is clearing path for CBDCs and regulated stablecoins. https://t.co/p79fvzUEIq
Private cryptocurrencies that failed the fundamental tests of financial services will eventually exit the monetary scene, according to Singapore’s central bank chief https://t.co/MbYeijlJhZ
Private cryptocurrencies that failed the fundamental tests of financial services will eventually exit the monetary scene, according to Singapore’s central bank chief https://t.co/A9QmU6irS0
Private cryptocurrencies that failed the fundamental tests of financial services will eventually exit the monetary scene, according to Singapore’s central bank chief https://t.co/Of8iOYJ009
Private cryptocurrencies that failed the fundamental tests of financial services will eventually exit the monetary scene, according to Singapore’s central bank chief https://t.co/dFfZriVSIn
Private cryptocurrencies that failed the fundamental tests of financial services will eventually exit the monetary scene, according to Singapore’s central bank chief https://t.co/CTAMitIqAM
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