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Nalezeno "crypto risks": 51

US Banking Regulator Calls for Stronger Oversight of Crypto Risks


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...

US State Regulator Shares Key Crypto Investment Tips for Seniors


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...

China State Media Issues Alert on Crypto Risks Amid Bitcoin Rally


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


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


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


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

IMF Head Urges For Clear Rules and Infrastructure to Curb Crypto Risks


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


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....

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