German central bank’s executive: DeFi 'casino' may need new global regulator

06/02 11:28

According to Coindesk, Joachim Wuermelinga, a member of the German central bank’s executive, has called for a bank-style international standard-setter for financial-technology innovations – while dismissing decentralized finance (DeFi) as a “casino” for speculators. Joachim Wuermeling called for discussions “now” on how to treat the fast growing segment of blockchain-based finance that could make banks redundant. The move follows calls by major developed nations to the Financial Stability Board (FSB) to speed up regulations that would mean crypto is treated like regular finance. A spokesperson for the FSB said that no timeline has yet been set for that work, though a separate report on stablecoins is due in October.
bullishbullishbullish2bearishbearishbearish2Me gustaCompartir
Descargo de responsabilidadEl contenido anterior no representa las posiciones de HTX.HTX no ofrece ninguna recomendación de trading.

Artículos relacionados

  • Image

    Bit Digital Saw Ethereum’s Strategic Value Before Institutions Caught On

  • Image

    Bitcoin Correction Pushes 580,000 BTC Into Loss Territory

  • Image

    Major Bitcoin Players Drop Over A Billion In Sell-Offs While Euphoria Rocks Retail

Todos los comentarios0Lo más recientePopular

avatar
Lo más recientePopular

Artículos relacionados

  • Image

    Bit Digital Saw Ethereum’s Strategic Value Before Institutions Caught On

  • Image

    Bitcoin Correction Pushes 580,000 BTC Into Loss Territory

  • Image

    Major Bitcoin Players Drop Over A Billion In Sell-Offs While Euphoria Rocks Retail