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US Treasury: AI brings huge opportunities, risks to financial stability
6.6.2024
Secretary of the Treasury Janet Yellen says AI will only become more important in the years to come
Defi Not a Risk to Financial Stability Yet, EU Securities Regulator Reports
13.10.2023
Decentralized finance (defi) brings risks for investors but is yet to pose “meaningful risks” to financial stability, according to Europe’s securities watchdog. The agency believes, however, the phenomenon deserves attention in light of the EU’s new crypto rules as well as growing user base and...
Fed Official: Digital Dollar Decision Still a Long Way Off
10.9.2023
The Federal Reserve’s vice chair for supervision has affirmed that the U.S. central bank is “a long way” from making a decision on whether to issue a central bank digital currency (CBDC). The Fed official also voiced concerns regarding USD stablecoins, emphasizing that they...
G20 Finance Chiefs Widely Recognize Crypto Poses Major Financial Stability Risks, Says Indian Central Bank Governor
28.2.2023
The G20 finance ministers and central bank governors recognize that cryptocurrencies pose major risks to financial stability, monetary systems, and cyber security, India’s central bank governor reportedly said. Crypto regulation was among the key topics discussed during the G20 meeting over...
ECB Chief Lagarde: Crypto and Defi Could Pose ‘Real Risks’ to Financial Stability
24.6.2022
The president of the European Central Bank (ECB), Christine Lagarde, says crypto assets and decentralized finance (defi) have the potential to pose “real risks” to financial stability. She has some regulatory suggestions to supplement Europe’s Markets in Crypto Assets...
IMF: Crypto Could Soon Pose Risks to Countries’ Financial Stability
15.1.2022
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...
Economics Professor Warns ‘Cryptocurrencies May Contribute to Monetary and Financial Instability’
16.10.2021
Cornell University’s professor of economics and former head of the IMF’s China division, Eswar Prasad, has warned that “Cryptocurrencies may contribute to monetary and financial instability.” He added that the risk is amplified if the industry is unregulated and lacks...
Bank of England: Crypto Assets Pose ‘Limited’ Risks to Stability of UK Financial System
12.10.2021
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 to develop rapidly. Such assets are becoming increasingly integrated into...
Countries Should Prevent 'Regulatory Arbitrage' for Stablecoins – FSB
7.10.2021
ecoin space.The emergence of global stablecoins (GSCs) would pose greater risks to financial stability than existing stablecoins, said the report, and it may also "challenge the comprehensiveness and effectiveness of existing regulatory, supervisory and oversight approaches."The FSB re
ECB Chief Christine Lagarde Downplays Bitcoin’s Risks to Financial Stability, Troubled by Stablecoins
1.12.2020
ECB President Christine Lagarde downplays any risks bitcoin and other cryptocurrencies could pose to financial stability and monetary sovereignty. In contrast, she sees stablecoins, such as Facebook-backed libra, as posing “serious risks.” Christine Lagarde, Bitcoin,...
Facebook Libra Risks to Financial Stability Demand ‘Highest’ Regulatory Standards, Says G7
18.7.2019
The G7 group of nations has warned of the threat posed by stablecoins such as Facebook's Libra and set out draft recommendations for regulation