World needs crypto regulation – ECB official ...News

Economy by : (Russia Today) -
Crypto assets should be used within clear, regulated boundaries, Fabio Panetta says Globally coordinated measures are needed to regulate the crypto market and avoid a “lawless frenzy of risk-taking,” top official at the European Central Bank Fabio Panetta said in a speech at Columbia University on Monday. “Now is the time to ensure that crypto assets are only used within clear, regulated boundaries. We should make faster progress if we want to ensure that crypto assets do not trigger a lawless frenzy of risk-taking… But our measures can only be effective if they are matched by ambitious measures implemented by our

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