A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi). It also addresses the hot topic of Bitcoin’s carbon footprint in Europe, suggesting a ban on proof-of-work mining is probable.
Growth of Stablecoins, Defi Warrants Regulation and Supervision, ECB Says
Crypto-related financial risks, those associated with stablecoins and defi platforms in particular, as well as the threat to climate transition goals blamed on energy-intensive methods of crypto mining, are in the focus of the latest edition of the Macroprudential Bulletin issued by the European Central Bank (ECB). Key moments in the report published in July were highlighted this week by Patrick Hansen, crypto venture advisor at Presight Capital.
Exploring the policy implications of these segments of the crypto market, the authors of the paper insist that the growth and increasing use...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...