New government reports warn that the rise of crypto-related economic risks could trigger widespread financial disruption.
As the cryptocurrency industry scored massive electoral wins in November and skyrocketing crypto prices currently push the global valuation to more than $3 trillion, federal regulators have issued warnings about the nascent industry’s potential to cause widespread disruptions to traditional banking and financial markets.
The reports, which highlight crypto’s volatility, lack of regulations, and growing ties to traditional markets, echo alerts issued about the subprime mortgage industry before the 2008 financial crisis.
European Union finance ministers on Monday set out priorities for creating a Capital Markets Union over the next five years to attract private capital to Europe and help fund the costly transition to
Amid increasing fiscal pressures and debt sustainability in African countries, governments are now making use of exchange of information agreements available to them more than ever. Last year, the amount
Recently enacted Internal Revenue Service initiatives recovered $4.7 billion in funds from illegal schemes and criminal practices, officials said in a Thursday statement. Nearly $3 billion came from
India has reportedly suspended access to numerous foreign cryptocurrency exchanges, such as Binance, KuCoin, and OKX. According to the Economic Times, this action follows a period of continued non-compliance