Fed research is crypto is a threat to the stability of the financial system. What a surprise.
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Fed research is crypto is a threat to the stability of the financial system. What a surprise.
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So the task of supervisory authorities now is to create "the necessary tools" for DeFi (once they reached the stage of becoming "systematically important") "to ensure compliance with laws and regulations."
When and what needs to be done for DeFi to be considered as something "systematically important"?
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Yes because they have a track record of financial stability and making the financial system safe for all participants.
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Actually, the threat is the other way round, it is the FED that is a real threat to the whole global economic order.
What actually doing is that they are repeatedly giving advisory through World Bank, and IMF to developing countries where the crypto penetration is really high.
The Fed doesnt really have much power. If people realized markets control interest rates and the money supply is in the hands of the depository banks, then they would understand the Fed is nothing more than propaganda.
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We sure pose a threat to their centralized ass, now that crypto is making waves and solving real-life problems.
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That is true. It is a battle for control of the ledger.
Who is going to win?
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That's why they are scared. It won't be a threat if only they embrace it.
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