A study commissioned by the European Parliament suggests treating crypto assets as securities by default, applying stringent EU governance and authorization rules. The report highlights regulatory challenges in the complex, cross-border crypto industry and raises questions about addressing decentralized finance, staking, and non-fungible tokens within the upcoming Markets in Crypto Assets (MiCA) regulation.
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Binance Taps TradFi Veteran to Boost Regulatory Compliance: Key Takeaways and Debates
Binance appoints Richard Teng, a traditional finance veteran with significant regulatory expertise, as head of all regional markets excluding the US. This move reflects the company’s intent to strengthen regulatory compliance, acquire licenses, and pursue international expansion.
Stablecoins, Politics, and Regulations: Navigating the Crypto Market’s Calm Before the Storm
The cryptocurrency market experienced a flat week, with Bitcoin and Ethereum remaining stable. Meanwhile, ICP and LDO faced losses, while TRON rallied. The growing crypto market attracts political involvement, and regulatory bodies emphasize the need for clear guidelines and vigilance.
Shutdown of TradeBlock: Dealing with Market Downturns and Regulatory Hurdles in Crypto
Digital Currency Group (DCG) has announced the shutdown of its institutional trading platform, TradeBlock, due to crypto market downturns and a challenging US regulatory environment. The closure highlights the need to address challenges faced by crypto institutions while balancing innovation, market stability, and investor protection in an evolving landscape.
ESRB on Crypto Impact and DeFi: Analyzing the Need for Tighter Regulation and Surveillance
The European Systemic Risk Board (ESRB) acknowledges the minimal impact of cryptocurrency on traditional financial systems but advises caution and closer supervision. The board emphasizes surveillance in Decentralized Finance (DeFi) and smart contracts, recommending regular reporting by institutions with cryptocurrency exposure and promoting EU-level knowledge exchange to mitigate potential risks.
Bitfinex and OrionX Boost Crypto Adoption in Latin America: Opportunities and Risks Examined
Bitfinex partners with Chile’s leading cryptocurrency exchange, OrionX, to encourage widespread adoption in Latin America and support local education programs. With its growing significance, it’s crucial for Latin America to maintain financial stability and protect users amid expanding crypto market involvement.
MicroStrategy’s Bitcoin Investment: Fair Value Accounting & Cryptocurrency Adoption Debated
MicroStrategy Inc, the largest public company holder of Bitcoin, supports fair value accounting for cryptocurrencies, demonstrating faith in digital assets’ long-term potential. However, critics argue that the volatile nature of crypto may render fair value accounting unreliable, and market participants must address potential challenges associated with such investments for sustainable blockchain industry growth.
Fed’s Actions and Crypto Market: How Jerome Powell’s Remarks Impact BTC and Central Banks
Amid mixed crypto market expectations, US Fed Chairman Jerome Powell discussed the US banking system’s strength and resilience to support liquidity without compromising monetary policy. Investors must stay vigilant as decisions made by the Fed and central banks’ involvement in cryptocurrency could impact market sentiment and regulations.
Axie Infinity Soars, Bitcoin Struggles: Exploring the Conflicting Crypto Markets and Regulations
Axie Infinity’s native cryptocurrency AXS rallied 12% after its debut on the Apple app store, attracting new users to the play-to-earn project. Meanwhile, France welcomes US crypto firms seeking regulatory predictability, and a GFMA report suggests distributed ledger technology could save $100 billion annually in securities markets.
FDIC Blames Crypto for Bank Collapses: Analyzing Risk Factors and Future Implications
The FDIC chair, Martin Gruenberg, attributes non-compliance with risk controls, poor governance, and dependence on uninsured crypto deposits to the collapse of crypto-friendly banks like Signature Bank and Silicon Valley Bank. While cryptocurrencies played a part, sound governance and responsible investments are essential for financial stability.
Biden’s Federal Reserve Nominations: How They Could Shape the US Crypto Future and CBDC Debate
President Joe Biden nominates economist Philip Jefferson and former chief economist Adriana Kugler for critical roles in the Federal Reserve, impacting the U.S. government’s approach to cryptocurrencies, blockchain technology, and the potential introduction of a central bank digital currency (CBDC).
AI in Crypto: Balancing Innovation and Investor Protection Amid Scams and Regulations
This article highlights the recent crypto “investment scam” involving TruthGPT Coin (TRUTH), using artificial intelligence and machine learning claims, and the actions taken by various state financial regulators to halt it. The discussion extends to maintaining a delicate balance between investor safety, responsible practices, and fostering blockchain innovation.
Banking on the Edge: How Crypto-Friendly Policies and Regulatory Easing Led to a Series of High-Profile Bank Failures
The recent series of high-profile bank failures in the United States has sparked intense debate […]