On 12 January, the Bank for International Settlements published a report saying that recent high-profile failures of FTX and other crypto firms have re-ignited the debate on the appropriate policy response to address the risks in crypto, including through regulation. It says that “shadow financial” functions enabled by crypto markets share many of the vulnerabilities of traditional finance. These risks are exacerbated by specific features of crypto.
https://www.bis.org/publ/bisbull66.pdf
https://www.buymeacoffee.com/KoIvM842y
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