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.
The European Commission will next week propose a package of measures to help EU industries stay competitive while they cut their carbon footprint, a draft of the package showed on Tuesday. European
Last month’s steep increase in Singapore’s carbon tax illustrates the commitment the country has made to bringing about a carbon-neutral future. Without government intervention and regulation,
The SEC argues that Coinbase’s request is overly broad, seeking nearly all documents related to crypto assets. In its court filing, the SEC stated that it has already provided Coinbase with various
The World Bank priced the first CHF digital bond by an international issuer, which will settle using Swiss Franc wholesale Central Bank Digital Currency (wCBDC) provided by the Swiss National Bank (SNB).