JPMorgan warns that interest-bearing stablecoins, while innovative, could undermine traditional banking systems due to lack of regulatory oversight and potential financial instability.
Yield-bearing stablecoins risk creating a parallel banking system without traditional regulation safeguards, warns JPMorgan CFO Jeremy Barnum.
The Bank of Italy modeled Ethereum’s risks if ETH collapses, emphasizing infrastructure and financial stability risks. Learn how this impacts the crypto ecosystem.
70 economists urge EU lawmakers to support a public digital euro to protect Europe’s monetary sovereignty and ensure democratic control.
Federal Reserve Chair Jerome Powell confirms receiving DOJ subpoenas, raising concerns over Fed independence. Former President Trump denies influencing interest rates. How will this impact financial and crypto markets?
India’s RBI warns that stablecoins pose a risk to financial stability and emphasizes the need for central bank digital currencies to replace them.
The IMF reports that Brazil’s financial system is working despite high interest rates, yet crypto is booming, challenging the notion that digital assets only thrive in times of financial crisis.
The Philippines has blocked 50 unlicensed cryptocurrency exchanges, including Coinbase and Gemini, in a major regulatory crackdown aimed at protecting investors and ensuring compliance with local financial regulations.
Blockchain gaming is adopting stablecoins for stability, highlighting a shift towards disciplined financial models amid market challenges.
Bank of Mexico’s warning highlights risks of fragmented rules on stablecoins amid rising crypto adoption in Latin America.