Fed vice chair Brainard urges faster crypto regulation, touts role for stablecoin

[newshunter]

Fed vice chair Brainard urges faster crypto regulation, touts role for stablecoin

Brainard says if crypto remains unregulated as it is integrated into the larger financial system, it will bring risks of instability of the type currently being seen.

Source: Fed vice chair Brainard urges faster crypto regulation, touts role for stablecoin

Would appreciate your opinion about this

[Senin]

Of course, reasonable regulation of cryptocurrencies by states is necessary. Considering that a lot of people who do not have the skills to work with cryptocurrencies constantly come to the cryptocurrency market and that this activity is largely anonymous, and increasing amounts of capital are concentrated in this market, this attracts various scammers to it. Therefore, it is necessary to regulate this area of finance in order to make it safer and more attractive.