news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Beldex cryptocurrency fact check  in tamil | monero coin | bitcoin |crypto update |crypto scam

    Beldex cryptocurrency fact check in tamil | monero coin | bitcoin |crypto update |crypto scam

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Beldex cryptocurrency fact check  in tamil | monero coin | bitcoin |crypto update |crypto scam

    Beldex cryptocurrency fact check in tamil | monero coin | bitcoin |crypto update |crypto scam

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

No Result
View All Result
news4global
No Result
View All Result
Home Business

Crypto Regulation A Key Concern, Say Fed Minutes

August 18, 2022
Reading Time: 3 mins read
0
Crypto Regulation A Key Concern, Say Fed Minutes
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

On Wednesday, the Federal Reserve released minutes from the Federal Open Market Committee’s July 26-27 meeting. The committee noted concerns over digital assets and the need for crypto regulations to limit systemic risk.

“Declining risk appetite has also led to sharp declines in the price of some digital assets,” the notes said. The Fed discussed issues regarding digital asset volatility as well as the financial stability of stablecoins and their rapid growth.

“These assets, including stablecoins, were subject to vulnerabilities—such as runs, fire sales and excessive leverage—similar to those associated with more traditional assets,” the committee noted.

The recent turmoil in digital asset markets has not spread to other asset classes. But the rising importance and interconnectedness of digital assets with the financial system pose a great risk, the committee says. The turmoil underscores “the need to establish a robust supervisory and regulatory framework for this industry that would appropriately limit potential systemic risks,” the minutes note.

A few participants mentioned the need to strengthen the oversight and regulation of some nonbank institutions. That would likely include exchanges such as Coinbase (COIN), which is currently under investigation by the SEC.

Federal Reserve Crypto Regulation Letter

On Tuesday, the Federal Reserve outlined steps banks should take before getting involved in cryptocurrency.

Banks under the board’s supervision should notify it before engaging in cryptocurrency-related activities. They should ensure that the activities are legal, determine the need for regulatory filings, and have adequate controls and systems in place to conduct the activities.

“The emerging crypto-asset sector presents potential opportunities to banking organizations, their customers, and the overall financial system; however, crypto-asset-related activities may also pose risk related to safety and soundness, consumer protection, and financial stability,” the Fed Board wrote in its release.


Get The Latest Cryptocurrency Prices And News


While most of the cryptocurrency community is staunchly opposed to incremental crypto regulations, the board emphasized the potential risks involved with the assets. Those include cybersecurity issues, threat from money laundering and illicit financing operations, as well as consumer protection, legal compliance and financial stability.

The Fed says it’s closely monitoring banking organizations’ participation in cryptocurrency activities and related developments, “given the heightened and novel risks posed by crypto-assets.”

You can follow Harrison Miller for more stock news and updates on Twitter @IBD_Harrison

YOU MIGHT ALSO LIKE:
Cryptocurrency Prices and News

Tornado Cash Ban Raises Questions In The Crypto Community

What Is Cryptocurrency?

Get Stock Lists, Stock Ratings And More With IBD Digital

Find Stocks To Buy And Watch With IBD Leaderboard

Identify Bases And Buy Points With MarketSmith Pattern Recognition

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Sixth Annual Wyoming Blockchain Stampede and WyoHackathon … – University of Wyoming News

June 6, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

SEC Says Binance Misused Customer Funds, Ran Illegal Crypto … – The Wall Street Journal

June 5, 2023
Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Sixth Annual Wyoming Blockchain Stampede and WyoHackathon … – University of Wyoming News

by admin
June 6, 2023
0

Sixth Annual Wyoming Blockchain Stampede and WyoHackathon ...  University of Wyoming News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

SEC Says Binance Misused Customer Funds, Ran Illegal Crypto … – The Wall Street Journal

by admin
June 5, 2023
0

SEC Says Binance Misused Customer Funds, Ran Illegal Crypto ...  The Wall Street Journal

Find out which device is right for you

Find out which device is right for you

by admin
June 5, 2023
0

If you’re looking for a tablet built just for kids, look no further than Amazon’s award-winning Fire Kids tablets. Fire...

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

US regulator accuses Binance of running an illegal exchange – CNN

by admin
June 5, 2023
0

US regulator accuses Binance of running an illegal exchange  CNN

11 of Amazon’s most helpful accessibility features, from Dialogue Boost to Show and Tell

11 of Amazon’s most helpful accessibility features, from Dialogue Boost to Show and Tell

by admin
June 5, 2023
0

According to the World Health Organization, some 1.3 billion people—one in six of us—currently experience a significant disability. And that...

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Internal Blast Probably Breached Ukraine Dam, Experts Say (Cautiously)

Your Wednesday Briefing

June 7, 2023
PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

June 7, 2023
Canada wildfire smoke threatens health of millions

Canada wildfire smoke threatens health of millions

June 7, 2023
Tunisian black women: ‘My skin colour says I don’t belong’

Tunisian black women: ‘My skin colour says I don’t belong’

June 7, 2023

Latest News

Internal Blast Probably Breached Ukraine Dam, Experts Say (Cautiously)

Your Wednesday Briefing

June 7, 2023
PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

June 7, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global