At last year’s FinTech Week, I talked about some emerging regulatory views on technology in financial services, especially in relation to blockchain-based crypto assets.
What a difference a year makes!
In 2018, the crypto world was seen to be of marginal importance to the global financial system. The Financial Stability Board, which is basically the G20’s financial regulatory arm, concluded last year that, although blockchain “currencies” such as Bitcoin were problematic from an investor protection angle, they did not yet pose any significant financial stability risks.
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