Without bipartisan support for digital asset-focused legislation, investors and companies may turn to crypto-friendly jurisdictions, warns Moody’s. Key differences include stablecoin regulation and consumer protection, with many crypto firms already exploring options outside the US.
Search Results for: Moody's Investors Service
Moody’s Downgrades Coinbase: Analyzing the Impact, Future Prospects, and Investor Confidence
Moody’s downgrades Coinbase’s rating to “negative” amid the SEC’s legal action, impacting the crypto exchange’s operations and business model. Berenberg Capital regards Coinbase shares as “uninvestable,” while ARK Invest’s Cathie Wood sees regulatory scrutiny as a long-term positive. Coinbase’s future remains uncertain as the legal battle unfolds.
Revolutionizing Business: Blockchain, AI and the Imminent Threat to Conventional Industries
“AI and blockchain technologies are set to restructure established sectors and create new markets, driving economic growth through task automation and modernising payment systems. However, they also pose risks, and their benefits may take another decade to materialise. Also, the migration of NFTs indicates belief in Bitcoin’s promise, though Ethereum still dominates the NFT market.”
Revolutionizing Financial Markets with AI and Blockchain: A Double-Edged Sword?
“Blockchain and AI could revolutionize the financial markets, potentially lowering costs and modernizing payment systems. However, they demand upfront investment and may initially inflate IT expenses. Risks like tax evasion and money laundering must also be kept in check. Despite hurdles, the full potential of these technologies is still unfolding.”
Navigating the Supervisory Void: The Need for Clear Regulations on Digital Assets and Banking
Federal Reserve Governor Michelle Bowman warns about the “supervisory void” in the digital assets landscape, leaving financial institutions in uncertain territory. She urges global regulators to pay attention to novel banking activities and develop a clear regulatory framework. Lack of clarity risks pushing businesses towards crypto-friendly jurisdictions and may have serious consequences for financial institutions and stability of the digital asset market.