U.S. Risks Unleashing Second 'Eurodollar' Market if It Dallies on Stablecoin Regulation
U.S. Risks Unleashing Second 'Eurodollar' Market if It Dallies on Stablecoin Regulation Original Source
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Risks
Fed Governor Bowman Says Benefits of U.S. Digital Dollar Is ‘Unclear’ But Risks Are Obvious
"We have seen a range of arguments in the public debate about issuing a CBDC, including addressing frictions within the payment system, promoting financial inclusion, and providing the public with access to safe central bank money," said Bowman, one of seven members of the Federal Reserve Board that oversees U.S.
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Saudi Central Bank urges IMF to address crypto-related risks
Ayman Alsayari, the governor of the Saudi Central Bank (SAMA), is encouraging the International Monetary Fund (IMF) to regulate cryptocurrency. “We need good supervision, regulation, and coordination of crypto currency activities,” Alsayari said at a recent event in Marrakech, Morocco, where the IMF Annual Meetings were held from Oct. 9-15. “In
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European regulators assess DeFi risks, Uniswap launches Android wallet: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.In this week’s newsletter, European securities regulators have published a report on the DeFi ecosystem that lists the risks it poses to the
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EU Markets Regulator Warns of DeFi’s ‘Serious Risks’
ESMA, responsible for rulemaking under the bloc’s landmark new crypto law MiCA, is worried about new forms of market manipulation when there’s no central counterparty Source
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DeFi comes with significant risks as well as benefits
The European Securities and Markets Authority (ESMA) — the European Union’s financial markets supervisory authority — released an article on decentralized finance (DeFi) and the risks it poses to the EU market on Oct. 11. In a 22-page report, the ESMA admits the promised benefits of DeFi, such as greater financial inclusion,
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Bitcoin (BTC), Ether (ETH) Options Order Books Signal Calm Amid Mounting Risks
Still, bitcoin and ether continue to trade largely steady. Bitcoin, the leading cryptocurrency by market value, has been locked in a narrow range of $27,000- $28,500 this month. Ether, meanwhile, remains stuck in the two-month range of $1,550- $1,750. Original Source
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Crypto Risks Another Sam Bankman-Fried if U.S. Doesn’t Provide Clear Regulation
Japan, which heeded lessons learned from a previous crisis and put consumer protections in place, has incorporated Web3 into its national economic plan. Additionally, in June this year, the Japanese Financial Services Agency (FSA) amended the Payment Services Act (PSA). The agencies wanted to update the country’s regulatory framework for
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Snapchat warned by UK data watchdog over AI chatbot risks
The social media platform Snapchat has received a warning from the United Kingdom’s data watchdog over its new artificial intelligence (AI) chatbot known as “My AI,” according to an update posted by the regulator. On Oct. 6, the U.K. Information Commissioner’s Office (ICO) issued a preliminary notice to Snap Inc. and
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