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Benoît Cœuré: regulators likely to agree on crypto framework in 2022 – FT
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finextra.comCœuré commented that the boom of decentralised finance (DeFi) throughout 2021 has been something of a “wake up call.” The new avenues and opportunities presented by DeFi create new forms of systemic risk that can no longer be ignored by regulators, he continued. “These [new] services will be competing with traditional finance, and money will flow in and out from one universe to another.
This creates a compelling reason to start a discussion on global principles for crypto regulation.” He added that given the pace at which various jurisdictions are progressing along independent timelines in developing their regulatory frameworks, there is a real risk of inconsistency on a global scale. Cœuré explained that the Financial Stability Board
. Read more on finextra.comAbout this in other media
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