Financial Stability Board Calls for Tougher Global Crypto Rules After Year of Turmoil
The standard-setter called for crypto companies to adapt after the tumult and scandals of the past year.
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Jul 17, 2023 at 7:00 a.m. UTC
Jul 17, 2023
Financial Stability
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Crypto Conglomerates, DeFi Targets of EU Financial Stability Watchdog Concerns
Risks from smart contracts, high leverage and crypto staking and lending may imply a need for new regulations, the European Systemic Risk Board said.
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May 25, 2023 at 9:24 a.m. UTC
May 25, 2023
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TradFi Fights for Tougher Crypto Rulebook in Wake of FTX Collapse
Traditional finance players want new international rules to stop FTX-style conflicts of interest, but the crypto industry warns of crimping blockchain benefits
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Jan 4, 2023 at 5:11 p.m. UTC
Jan 4, 2023
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Crypto Echoes Risks of 2008 Financial Crisis, Says US CFTC Commissioner
Christy Goldsmith Romero says CFTC oversight would be an answer to potential financial stability risks brewing in the industry.
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Oct 26, 2022 at 6:03 p.m. UTC
Oct 26, 2022
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Fed’s Michael Barr: Crypto ‘Unlikely' to Grow Into Money Substitutes
Federal Reserve Vice Chair for Supervision Michael Barr spoke at a DC Fintech Week event, noting that crypto is "unlikely to grow into money substitutes and become a viable means to pay for transactions" due to the high volatility. Plus, he explains why stablecoins could post potential risks to financial stability.
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Oct 12, 2022 at 9:00 p.m. UTC
Oct 12, 2022
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Global Crypto Standards Due Next Week Could Test Regulators’ Tech Mantra
Financial-stability norms to be set out next week could seek to extend financial regulations to the crypto world - or could seek to go in a whole new direction.
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Oct 7, 2022 at 3:56 p.m. UTC
Oct 7, 2022
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Unregulated Crypto Could Bring Risks to Financial Stability: FSOC
The Financial Stability Oversight Council warned that cryptocurrencies could pose risks to U.S. financial stability if they “were to grow without adherence to or being paired with appropriate regulation.” CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the report’s findings.
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Oct 4, 2022 at 4:33 p.m. UTC
Oct 4, 2022
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EU's ESMA Raises Alarm Bells Over Growing Crypto Use as It Prepares for New Powers
The European Securities and Markets Authority is worried about consumer rip-offs as well as novel risks like hacks and consensus manipulation
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Oct 4, 2022 at 8:30 a.m. UTC
Oct 4, 2022
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IMF Says Crypto Sell-Off Won’t Hit Broader Financial Market
With the economic mood darkening, the Fund sees inflation and a recession as major risks – but not crypto market turbulence.
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Jul 26, 2022 at 1:00 p.m. UTC
Jul 26, 2022
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Bank of England Panel Calls for Enhanced Crypto Regulation to Limit Contagion
The loss of $2 trillion of crypto market cap over a period of months has “underscored the need for enhanced regulation,” the Financial Policy Committee said.
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Jul 5, 2022 at 11:48 a.m. UTC
Jul 5, 2022