Cryptocurrency regulations among various countries should be “harmonized…so that gaps don’t occur that are missed by regulators,” Elizabeth McCaul, a member of the European Central Bank’s supervisory board, said in 28 November remarks at the Financial Times Crypto and Digital Assets Summit.
Category: TRENDS IN CRYPTOS – Dec 6 2022
PROMINENT DIRECTOR OF WELL-CLOAKED CRYPTO FIRM LAMENTS LACK OF TRANSPARENCY
Sheila Bair, who chaired the Federal Deposit Insurance Corporation (FDIC) during 2008’s Great Recession, lamented the crypto industry’s lack of regulation during a 17 November CNBC interview.
A few weeks ago, we pointed out that the stablecoin Tether (USDT) exhibited some worrying signs, including a delay on its pledge to fully provide accounting for and revealing its mechanisms and backing for maintaining its “1 to 1” peg to the U.S. dollar.
THE MADE-FOR-STREAMING FTX WHITEWASH
The fact that Sam Bankman-Fried is still walking free is a sign of just how up to their ears political and financial elites, as well as the MSM, are in the FTX scandal.