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3232Regulators Should Heed Crypto Risks When Innovating Regulation, Says Chinese Central Bank Official
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Tue, 04 Apr 2023 03:30:09 +0000https://www.digit.info/2023/04/04/regulators-should-heed-crypto-risks-when-innovating-regulation-says-chinese-central-bank-official/Read more]]>A senior People’s Bank of China (PBOC) official has urged regulators to consider cryptocurrency risks and fraud that could lead to bank failures when innovating regulation. The Chinese official highlighted the recent collapse of U.S. banks that provided services to crypto customers as an example. “The regulation philosophy, technology, and capability must be upgraded to […]
A senior People’s Bank of China (PBOC) official has urged regulators to consider cryptocurrency risks and fraud that could lead to bank failures when innovating regulation. The Chinese official highlighted the recent collapse of U.S. banks that provided services to crypto customers as an example. “The regulation philosophy, technology, and capability must be upgraded to […]