Global banking regulators call for toughest rules for cryptocurrencies

Re:Global banking regulators call for toughest rules for cry... by chiefalchemist on Friday June 11, 2021 @08:30AM (#27472386)

For now. Keep in mind, the question the status quo is wanting to answer is: "We can't simple stand still and forfeit our (fiancial) power, so how can we make this work for us?" They haven't squashed because it might be a and better opportunity for them.

It will be a nudge by nudge process. This is a start. Nothing is off the table for them.

[ Parent | on HN ]

Re:Global banking regulators call for toughest rules for cry... by JumpCrisscross on Friday June 11, 2021 @09:26AM (#27472995)

> how can we make this work for us?

Which side of this debate do you think the City of London and Wall Street are on? Crypto has been a panacopia for finance.

[ Parent | on HN ]

Re:Global banking regulators call for toughest rules for cry... by chiefalchemist on Friday June 11, 2021 @01:54PM (#27476456)

My point is, legislation and regulation is a function of control. The lack of such things currently either means:

- They already think they have the upper hand.

- Or, it's too new and they haven't sorted out which scale and how much thumb pressure to apply.

But the lack of regs atm is certainly not inductive of anyone's benevolence.

[ Parent | on HN ]

Re:Global banking regulators call for toughest rules for cry... by gnzoidberg on Friday June 11, 2021 @10:30AM (#27473867)

What's a panacopia?

[ Parent | on HN ]