IMF Advises How Crypto Should Be Regulated Citing ‘Urgent Need for Cross-Bord...
The International Monetary Fund (IMF) has outlined some recommendations of how cryptocurrency should be regulated, noting that there is an urgent need for cross-border collaboration and cooperation on cryptocurrency regulation. IMF Provides Recommendations on Crypto Regulation The International Monetary Fund published a blog post on cryptocurrency regulation Thursday. The post titled “Global Crypto Regulation Should be Comprehensive, Consistent, and Coordinated” is authored by Tobias Adrian, Dong He, and Aditya Narain from the IMF’s Monetary and Capital Markets....
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The famous author of The Black Swan, Nassim Nicholas Taleb, says investors should not buy bitcoin. To hedge against the current turbulent market, he advises buying stocks or real estate, emphasizing that bitcoin has no connection to inflation or “anything economic.” Nassim Taleb Advises Against Bitcoin Investing Nassim Nicholas Taleb, the famed author of “The Black Swan,” has shared his view on bitcoin and on how to hedge against the current turbulent market in an interview with CNBC Friday. Taleb is a Lebanese-American scholar, mathematical statistician, former....
Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital yuan to its domestic payments system to evaluate the CBDC’s usability in cross-border scenarios. Hong Kong Residents to Load E-CNY Wallets via Mobile Phones China has gained a lot of ground in its push to develop and implement a central bank digital currency (CBDC). And while officials in Beijing have indicated that the e-CNY is a domestic project at this stage, cross-border trials have been....
Ireland appears to be taking swift action to implement new crypto regulations in anticipation of the European Union’s upcoming Anti-Money Laundering (AML) and counter-terrorism financing (CTF) standards. Finance Minister Jack Chambers announced to the cabinet that urgent legislation will be drafted to update the country’s crypto regulations before the EU’s new laws take effect on […]
The XRP price could be on the verge of a massive crash, as a crypto analyst has identified a key technical pattern in the cryptocurrency’s structure that signals a potentially severe downturn. According to the analyst, this formation has appeared only twice in XRP’s history, and each time has preceded a devastating loss. If the pattern were to repeat, the cryptocurrency could be headed for more pain. The analyst warns traders and investors to stop buying XRP at this time, citing heightened risk. Analyst Advices Against Buying XRP As Price Crash Looms An urgent warning from market analyst....
As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten the country’s financial stability. Treasury Secretary Janet Yellen brought up the terrausd (UST) fiasco as an example of why a comprehensive regulatory framework is urgently needed.
Treasury Secretary Janet Yellen Testifies Before Senate Committee
Stablecoins have become a hot topic in Washington. Following Monday’s terrausd (UST) fiasco, U.S. lawmakers are calling for....