systemic risks – DIGIT INFO

Botswana central bank flags ‘minimal’ crypto risks but urges regulation

DIGIT — Mon, 23 Dec 2024 08:24:44 +0000

Botswana’s central bank acknowledges minimal crypto risks but highlights money laundering and regulatory concerns as key priorities.

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FSB calls for stricter oversight against AI vulnerabilities

DIGIT — Fri, 15 Nov 2024 07:35:17 +0000

FSB explores AI’s potential to revolutionize finance while spotlighting risks like fraud, data governance, and systemic vulnerabilities.

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IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance

DIGIT — Fri, 20 Jan 2023 23:30:16 +0000

An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and traditional financial institutions. Nobuyasu Sugimoto, deputy division chief of the financial supervision and regulation division of the IMF, and Bo Li, deputy managing […]

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Bank of Spain Report Warns About Cryptocurrency Usage and Its Effect on Financial Stability

DIGIT — Wed, 27 Apr 2022 10:30:33 +0000

The Bank of Spain has issued a new report that touches on the subject of the popularity of cryptocurrency usage and the possible effects it might have on the financial stability of the nation. In the document, the bank explains that these assets — which ostensibly don’t have any kind of support behind them — […]

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