Fitch ratings

SEC's Gensler Says Agency Is Fine Going After Crypto With Its Current Authority
SEC's Gensler Says Agency Is Fine Going After Crypto With Its Current Authority
In an interview on Yahoo Finance, U.S. Securities and Exchange Commission Chairman Gary Gensler said that the SEC has the basic disclosure and governance requirements in place...
SEC's Gensler Says Agency Is Fine Going After Crypto With Its Current Authority

El Salvadoran President Nayib Bukele speaks via video during a presentation at the Bitcoin 2021 conference in Miami.
Fitch Warns El Salvador's Bitcoin Adoption Will Be Negative for Insurers' Credit
The ratings agency warns there are additional regulatory and operating risks tied to the country adopting bitcoin as legal tender.
El Salvadoran President Nayib Bukele speaks via video during a presentation at the Bitcoin 2021 conference in Miami.

Frankfurt, Germany
Fitch Says Germany's ‘Spezialfonds’ Investing in Crypto Face Liquidity Risk
A law passed earlier this year allows Spezialfonds, open only to institutional investors, to invest up to 20% of assets in cryptocurrencies.
Frankfurt, Germany

Tether Reserves Breakdown
Fitch Says Rapid Stablecoin Growth Poses 'Contagion Risks'
The Fitch report suggests that the turmoil also could have the potential to spread to traditional markets.
Tether Reserves Breakdown

The U.S. Federal Reserve is taking a more cautious approach towards CBDCs than in many other countries, including China.
CBDCs May Be Disruptive for Financial Systems, Fitch Ratings Says
“Widespread adoption of CBDCs may be disruptive for financial systems if associated risks are not managed,” warn Fitch Ratings analysts.
The U.S. Federal Reserve is taking a more cautious approach towards CBDCs than in many other countries, including China.

Insurance
Fitch Ratings: Blockchain Is a Potential 'Game-Changer' for Insurers
Fitch Ratings published a report Wednesday noting that blockchain can be a long-term solution to issues facing the insurance industry today.
Insurance