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The need to strengthen regulationand oversight of stablecoins and other crypto assets, has come to the fore after the recent turmoil in the markets has shown weakness and volatility that regulators are growing concerned about.
Regulators have begun to consider whether stablecoin or Central Bank Digital Currency (CBDC) should be the way forward. Has the crypto bubble burst amid growing speculation about the long-term future of Bitcoin and its rivals, and what’s next for this once-promising sector?
While the international regulatory community is actively engaged in discussions about crypto assets, approaches vary and often only partially address potential risks. There has been a concerted effort from policymakers in the US and Europe, with Hong Kong and Singapore also tightening rules to regulate and ensure the stability of digital assets.
Cryptocurrency regulation can be a hot topic, but many experts say it’s actually a good thing for investors and the industry.
More regulation could mean more stability in a notoriously volatile crypto market. It also has the potential to protect long-term investors, prevent fraudulent activity within the crypto ecosystem, and provide clear guidance for companies to innovate in the crypto economy.
The content of this article is intended to provide a general guide to the topic. In relation to your specific circumstances, you should seek advice from a specialist.
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