Yellen Warns Financial System Still Faces Commercial Real Estate, Crypto Risks December 10, 2024 By Katanga Johnson The US financial system continued to face vulnerabilities from commercial real estate risk and digital assets in 2024, Treasury Secretary...
Crypto Firms Are Failing to Spell Out Risks to Consumers: UK Watchdog October 27, 2023 Britain’s financial watchdog said on Wednesday that firms marketing cryptoassets are failing to highlight risks properly to consumers, such as...
Sam Bankman-Fried’s Lawyer Says FTX Investments Were Not ‘Reckless’ October 18, 2023 By Luc Cohen FTX founder Sam Bankman-Fried’s lawyer on Tuesday said the now-bankrupt cryptocurrency exchange’s investments were not “reckless and frivolous,” pushing back...
Cryptoassets Increase Financial Risks in Developing Economies, Study Says August 23, 2023 Cryptoassets, peddled as the future of finance, have not only failed to deliver on their promise but are themselves adding...
Binance’s Books Are Black Box, Filings Show, as Crypto Giant Tries to Rally Confidence: Reuters December 19, 2022 By Tom Wilson, Angus Berwick and Elizabeth Howcroft The world’s biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a...
Insurers Denying Coverage to FTX-Linked Crypto Firms as Contagion Risk Mounts December 19, 2022 By Noor Zainab Hussain and Carolyn Cohn Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and...
Court Weighs Novel Issue of Crypto Ownership in Bankruptcy December 8, 2022 By Tom Hals and Dietrich Knauth A U.S. judge this week is considering for the first time the question of who owns bitcoin and other tokens...
Cryptocurrencies May Pose Risk to Wider Financial Stability: ECB May 25, 2022 By Francesco Canepa and Tom Wilson Cryptocurrencies will pose a risk to financial stability if the emerging sector maintains its rapid growth of the last two...
Bank of England Begins Developing Regulatory Framework for Cryptoassets March 24, 2022 By Huw Jones and David Milliken The Bank of England on Thursday began sketching out Britain’s first regulatory framework for cryptoassets, saying that although the sector...
Crypto Market Risks Should Be Priority for Global Regulators: Financial Stability Board February 16, 2022 By Huw Jones and Tom Wilson Risks from the $2.6 trillion crypto market could grow quickly and regulators need pre-prepared measures to bring the sector to...