Auto Added by WPeMatico

BoE deputy gov: Regulators should pursue crypto as a ‘matter of urgency’

The central bank official spoke about the risks that cryptocurrencies and stablecoins may pose when connected to traditional financial systems through individuals, financial institutions, hedge funds and banks.

Continue ReadingBoE deputy gov: Regulators should pursue crypto as a ‘matter of urgency’

Moscow Not Planning to Ban Russians From Buying Crypto Abroad

Russia is not going to follow China’s course and does not plan to ban its citizens from purchasing cryptocurrency on foreign exchanges, a high-ranking government official has indicated. Russians will…

Continue ReadingMoscow Not Planning to Ban Russians From Buying Crypto Abroad

Russia doesn’t plan to follow in China’s footsteps by banning crypto outright, says deputy finance minister

Crypto payments in the country are currently banned, but Russians have been allowed to purchase and trade digital assets like Bitcoin.

Continue ReadingRussia doesn’t plan to follow in China’s footsteps by banning crypto outright, says deputy finance minister

IMF reiterates more oversight for crypto in latest report on financial stability

The group identified the crypto space at risk from hacking, “lack of transparency around issuance and distribution” of tokens, and operational risks including outages during periods of extreme volatility.

Continue ReadingIMF reiterates more oversight for crypto in latest report on financial stability

Bank of England: Crypto Assets Pose ‘Limited’ Risks to Stability of UK Financial System

The Bank of England says that crypto assets pose “limited” direct risks to the stability of the country’s financial system. “Cryptoasset and associated markets and services continue to grow and…

Continue ReadingBank of England: Crypto Assets Pose ‘Limited’ Risks to Stability of UK Financial System

SEC Commissioner: True Decentralized Projects Pose a Challenge to Crypto Regulation

A commissioner with the U.S. Securities and Exchange Commission (SEC) says that true decentralized projects pose a challenge to crypto regulation. Noting that “decentralized finance carries within itself inherently some…

Continue ReadingSEC Commissioner: True Decentralized Projects Pose a Challenge to Crypto Regulation