cryptocurrency risks – DIGIT INFO

Binance warns of crypto market risks from overvaluation, centralization

DIGIT — Thu, 03 Oct 2024 12:00:00 +0000

A Binance report flags the dangers of inflated valuations and centralization of token ownership, warning of potential destabilization if unchecked.

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Central Bank of Sri Lanka Warns of ‘Significant Risks’ in Using and Investing in Crypto

DIGIT — Thu, 06 Apr 2023 01:30:46 +0000

Sri Lanka’s central bank has issued a warning about “the significant risks associated with using and investing in cryptocurrency.” The central bank reminded the public that “cryptocurrencies are unregulated investment instruments which are not recognized as an asset class in Sri Lanka.” Sri Lanka’s Crypto Warning The Central Bank of Sri Lanka (CBSL) issued a […]

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US Regulators and the Fed Jointly Issue Crypto Warnings

DIGIT — Thu, 05 Jan 2023 02:30:03 +0000

The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly issued warnings about crypto risks to banking organizations. “The agencies have significant safety and soundness concerns with business models that are concentrated in crypto-asset-related activities or have concentrated exposures to the crypto-asset sector,” the […]

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Report: Cambodia Reaffirms Stance Against Unsanctioned Crypto-Related Activities

DIGIT — Thu, 28 Apr 2022 04:30:34 +0000

Cambodian authorities have reportedly said that no cryptocurrency company has been issued a business license yet, and that conducting cryptocurrency-related activities in the country is still illegal. Fintech Industry Growing Rapidly The Cambodian government has not greenlighted the issuing or use of any cryptocurrency in the country, a report has said. The report, which cites […]

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Central Bank of Sudan Warns of Risks Associated With Cryptocurrency

DIGIT — Wed, 30 Mar 2022 07:30:02 +0000

The central bank in crisis-stricken Sudan has warned residents dealing with cryptocurrencies that they face numerous risks including loss of value. The warning comes as Sudan is grappling with an economic crisis that worsened after the civilian government was deposed by the military. Sudan’s Worsening Economic Crisis As Sudan’s currency continues to plummet, the country’s […]

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Senator Warren Urges Treasury Secretary Yellen to Urgently Adopt Policy to Mitigate Cryptocurrencies’ Risks

DIGIT — Wed, 28 Jul 2021 00:30:09 +0000

U.S. Senator Elizabeth Warren has asked Treasury Secretary Janet Yellen to “act with urgency” and adopt an appropriate policy to address the risks posed by cryptocurrencies. “The longer that the United States waits to adapt the proper regulatory regime for these assets, the more likely they will become so intertwined in our financial system that […]

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