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Swiss National Bank Chair Flags Crypto Risks, Calls Bitcoin and Ether a ‘Niche Phenomenon’
8.11.2024
Swiss National Bank (SNB) Chairman Martin Schlegel has cautioned about cryptocurrencies like bitcoin and ether, describing them as volatile and energy-intensive, and highlighting links to illegal activities that complicate regulation. Speaking at an event hosted by Aargauische Kantonalbank...
Binance warns of crypto market risks from overvaluation, centralization
3.10.2024
A Binance report flags the dangers of inflated valuations and centralization of token ownership, warning of potential destabilization if unchecked
Former Chinese finance minister urges crypto study after US Bitcoin ETF shift
29.9.2024
Lou Jiwei stresses that China must assess cryptocurrency developments, particularly as the US shifts policy on Bitcoin ETFs
Former Chinese finance minister urges crypto study after US Bitcoin ETF shift
29.9.2024
Lou Jiwei stressed that China must assess cryptocurrency developments, particularly as the US shifts policy on Bitcoin ETFs
Former Chinese finance minister urges crypto study after US Bitcoin ETF shift
29.9.2024
Lou Jiwei stressed that China must assess cryptocurrency developments, particularly as the US shifts policy on Bitcoin ETFs
US Banking Regulator Calls for Stronger Oversight of Crypto Risks
5.9.2024
Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks stable. Hsu emphasized the need for vigilant supervision as digital assets...
Cornell Professor Warns of Growing Crypto Risks Amid Misleading Promises and Hype
11.8.2024
A professor at Cornell University’s Dyson School, Eswar Prasad, has raised concerns about the increasing risks in the cryptocurrency market, pointing to regulatory gaps and centralization as key issues. “If anything, crypto today presents even greater risks to its investors and to...
EU watchdog warns of offshore crypto risks under MiCA regulation
1.8.2024
The European Securities and Markets Authority warns crypto companies operating globally of the potential risks that may arise while seeking authorization under MiCA
EU watchdog warns of offshore crypto risks under MiCA regulation
1.8.2024
The European Securities and Markets Authority warns crypto companies operating globally of the potential risks that may arise while seeking authorization under MiCA
US State Regulator Shares Key Crypto Investment Tips for Seniors
22.6.2024
The Tennessee Department of Commerce & Insurance (TDCI) Division of Securities is raising awareness about the potential risks of investing in unregulated products like cryptocurrency, particularly among seniors. TDCI Commissioner Carter Lawrence emphasized the importance of protecting...
Indian Central Bank RBI Warns Retail Investors of Crypto’s Lack of Accountability and Stability
24.5.2024
The Reserve Bank of India (RBI)’s May 2024 bulletin warns retail investors that “the crypto ecosystem lacks accountability and stability and is marked by regulatory ambiguity.” The Indian central bank also cautioned that some cryptocurrency systems may be “prone to crisis...
China State Media Issues Alert on Crypto Risks Amid Bitcoin Rally
4.3.2024
China’s state-run media has once more cautioned investors against crypto investments as Bitcoin reached a two-year peak on Monday, near the $64,000 mark.
The post China State Media Issues Alert on Crypto Risks Amid Bitcoin Rally appeared first on Cryptonews
Atlanta Federal Reserve Warns Banks About Crypto Risks
27.2.2024
Per statement released Monday, the Atlanta Fed advised banks and financial service providers to exercise caution while dealing with cryptocurrencies.
The post Atlanta Federal Reserve Warns Banks About Crypto Risks appeared first on Cryptonews
US Treasury Secretary Yellen Highlights Crypto Risks, Urges Legislation
6.2.2024
U.S. Treasury Secretary Janet Yellen, leading the Financial Stability Oversight Council, addressed lawmakers about the risks cryptocurrencies pose to the U.S. financial system and called for regulations. During the presentation to the House Financial Services Committee, Yellen detailed concerns...
Treasury Secretary Janet Yellen Warns of Crypto Risks
5.2.2024
U.S. Treasury Secretary Janet Yellen is set to tell Congress that the crypto industry poses several potential hazards to the financial system, including the dangers of stablecoins, runs on crypto platforms and volatile prices, according to a brief portion of her testimony posted Monday
ESMA Unveils Plan to Address Crypto Risks Ahead of MiCA Regulation Implementation
16.1.2024
The European Securities and Markets Authority (ESMA) is actively preparing for the implementation of the Markets in Crypto-Assets (MiCA) regulation, marking a significant milestone in bringing comprehensive oversight to the digital asset space. As the ESMA prepares for the enforcement of the MiCA...
Financial Regulators Reiterate Call for Legislation to Address Crypto Risks
14.12.2023
Congress needs to pass laws addressing stablecoins and non-securities spot markets, the Financial Stability Oversight Council said in its latest annual report
IMF Head Urges For Clear Rules and Infrastructure to Curb Crypto Risks
14.12.2023
Source: iStock Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), addressed ways to curb cryptocurrency risks on financial stability. Georgieva stressed that crypto assets need to be regulated with clear rules and infrastructure. Speaking at an international...
Lloyds Bank Issues ‘Urgent Warning’ on Rising Threat of Crypto Scams
16.11.2023
Lloyds Bank, a major retail and commercial bank in the U.K., has issued an “urgent warning” about the growing threat of cryptocurrency scams. “Crypto is a highly risky asset class and remains largely unregulated, which makes it an attractive area for fraudsters to exploit....
India’s Central Bank Governor Warns Crypto Poses Higher Risk to Emerging Markets
6.11.2023
Reserve Bank of India (RBI) Governor Shaktikanta Das has once again warned about the threats that cryptocurrencies pose to global financial stability, particularly for emerging market economies. Speaking at the Business Standard BFSI Insight Summit 2023 in Mumbai, Das stressed the importance...