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Fintech firms could soon face the kind of caps on lending that banks face when markets like housing overheat, the European Systemic Risk Board said. Source
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“Nevertheless, institutional involvement in crypto-asset markets, both as investors and service providers, has grown over the last year, albeit from a low base,” the report said. “If the current trajectory of growth in scale and interconnectedness of crypto-assets to these institutions were to continue, this could have implications for global
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"It is important, however, to consider the implications of a potential future state in which many foreign countries and currency unions may have introduced CBDCs. Some have suggested that, if these new CBDCs were more attractive than existing forms of the U.S. dollar, global use of the dollar could decrease
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Economists at the International Monetary Fund (IMF) say that “crypto assets are no longer on the fringe of the financial system.” In addition, they “could soon pose risks to financial stability especially in countries with widespread crypto adoption.” ‘Our Analysis Suggests Crypto Assets Are No Longer on the Fringe of the
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According to British lawmakers, a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability. They insist the touted potential advantages of a digital pound are being overstated. Erosion of Privacy British lawmakers have said the use of a central bank digital currency when making
Read MoreTwo days after a whiplash-inducing launch that saw Filecoin’s FIL token rocket 118% before a nearly 80% plunge, the blockchain-based data storage platform turns now to a weeklong digital conference in the hopes of righting the ship. Billed “Filecoin Liftoff Week,” the event is centered on education, infrastructure, interoperability, and future
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