Crypto Industry Set To Face Tougher Regulations, Says Fed Vice Chair

WASHINGTON — Better security barriers are needed for cryptocurrencies to protect small investors and mitigate risks that may emerge as the industry grows, the Federal Reserve Vice Chair said Friday. Lael Brainard.

Although touted as a fundamental departure from traditional finance, the crypto financial system proves to be susceptible to risks “all too familiar with traditional finance, such as leverage, settlement, opacity and maturity and liquidity transformation,” Ms. Brainard said. in a speech in London, according to his prepared remarks.


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