Decentralization illusion bank group regulation crypto

We look at 60 countries— this includes G20 member states, in addition to countries with the highest rates of cryptocurrency adoption. This new research categorizes and explains how the world’s largest economies and those with high rates of cryptocurrency activity are regulating cryptocurrencies within their jurisdictions. Decentralization illusion bank urges regulation crypto OECD (2022), “Institutionalisation of Crypto-Assets and DeFi-TradFi interconnectedness”, OECD Business and Finance Policy Papers, 19 May.

As regards the exposure of banks to crypto-assets, the Basel Committee on Banking Supervision (BCBS) adopted a supplement to the Basel Framework in 2022 that sets international minimum standards for the prudential treatment. Two groups of crypto-assets are distinguished: The "decentralisation illusion" in DeFi Johnston D. A. (2014, August 30). Everything will be decentralized. Medium. Medium. https://medium.com/@DJohnstonEC/everything-will-be-decentralized-d7dcedca45e.

Through my role as sponsor Commission’s Market Risk Advisory Committee, I am standing up a Future of Finance Subcommittee that I hope will engage in a collaborative dialogue with market participants, consumer advocates, fellow regulators at other agencies such as our sister regulator the SEC, and regulators from international jurisdictions.  Our markets are global and my goal in service is to preserve the stability and integrity of our global markets and create effective customer protections that reduce the risk of crises. 1.2 Interconnectedness and common exposures Treasury Secretary Janet Yellen repeated her call for new legislation to plug regulatory gaps in spot crypto markets and for stablecoins. (The Block)

A version of this review will also be published by NABE Journal is Business Economics. FTX’s downfall and Binance’s consolidation: the fragility of Centralized Digital Finance ECB – European Central Bank (2020), “Report on a digital euro”, October, Frankfurt am Main, Europeana Central Bank; available at: