Crypto, DeFi may widen wealth gap, destabilize finance: BIS report

Crypto, DeFi may widen wealth gap, destabilize finance: BIS report

The Bank for International Settlements warns that crypto and stablecoins may destabilize finance and widen inequality, urging stronger regulation in response. The growing adoption of cryptocurrencies may pose risks to the traditional financial system and exacerbate wealth inequality, according to the Bank for International Settlements (BIS). In an April 15 report, the BIS warned that…

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Anchorage Digital faces scrutiny from US Homeland Security — Report

Anchorage Digital faces scrutiny from US Homeland Security — Report

The exact nature of the alleged probe remains unclear, though Homeland Security’s El Dorado Task Force primarily targets international money laundering and financial crimes. The US Department of Homeland Security’s El Dorado Task Force has reportedly launched an investigation into Anchorage Digital Bank, a Wall Street-backed cryptocurrency firm.  According to an April 14 Barron’s report,…

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EU markets regulator says crypto may cause ‘broader stability issues’ as market grows

EU markets regulator says crypto may cause ‘broader stability issues’ as market grows

As the crypto industry grows and ties in with traditional markets, sharp price falls could increasingly disrupt the broader market, says ESMA executive director Natasha Cazenave. The European Securities and Markets Authority (ESMA) has warned that crypto will increasingly threaten traditional financial markets’ stability as the industry grows and becomes more entwined with traditional finance…

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Stablecoins are powering deobanks

Stablecoins are powering deobanks

Stablecoins power deobanks, a new generation of decentralized banks that offer accessible, efficient and transparent financial solutions, especially in high-risk areas. Opinion by: Maksym Sakharov, co-founder and group CEO of WeFi  The current markets are experiencing tailwinds as a result of the tariffs imposed by the US administration and retaliatory measures from trading partners. So…

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US regulators FDIC and CFTC ease crypto restrictions for banks, derivatives

US regulators FDIC and CFTC ease crypto restrictions for banks, derivatives

The new guidelines come after the FDIC removed the ‘reputational risk’ category from bank exams. The Federal Deposit Insurance Corporation (FDIC) said in a March 28 letter that institutions under its oversight, including banks, can now engage in crypto-related activities without prior approval. The announcement comes as the Commodity Futures Trading Commission (CFTC) announced that…

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#Crypto debanking is not over until Jan 2026: Caitlin Long

#Crypto debanking is not over until Jan 2026: Caitlin Long

Crypto debanking efforts may continue until January 2026, when Trump can appoint a new Federal Reserve Governor, according to blockchain regulatory advisers. Update March 22, 2025, 10:08 a.m. UTC: This article has been updated to include an embed of the Chainreaction episode. The cryptocurrency industry may still be facing debanking-related issues in the United States,…

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#Israel releases preliminary CBDC design for digital shekel

#Israel releases preliminary CBDC design for digital shekel

The Bank of Israel released a preliminary design for a digital shekel, detailing its ecosystem, technical framework and regulatory considerations. The Bank of Israel released a preliminary design proposal for a digital shekel (DS), Israel’s potential central bank digital currency (CBDC), despite no solid intent as yet for an official launch. On March 3, the…

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