Crypto News
U.S. Government Releases Roadmap To Mitigate Crypto Risk For Investors
U.S. Government Releases Roadmap to Mitigate Crypto Risk For Investors
The U.S. government has recently released a roadmap to mitigate cryptocurrency risks for investors. The roadmap is created by the Financial Stability Oversight Council (FSOC), a body that seeks to ensure financial stability in the country. It outlines the potential risks and challenges of investing in cryptocurrencies.
The roadmap provides a general overview of the current state of cryptocurrency markets and the potential risks associated with them. It identifies four main risks — market manipulation, fraud, cybersecurity, and uncertainty in regulatory regimes. The FSOC has also outlined what steps can be taken to mitigate these risks.
The FSOC has proposed several measures to help protect investors in the cryptocurrency market. These measures include creating a framework for exchanges and custodians, increasing transparency in trading activities, putting in place measures to protect against fraud and money laundering, and enhancing international cooperation on cryptocurrency regulation.
The FSOC’s roadmap is an important step in helping to protect investors in the cryptocurrency market. It is an acknowledgement of the potential risks and challenges of investing in the cryptocurrency space and how these can be addressed. It is also a recognition of the importance of international cooperation in creating an effective regulatory framework.
The roadmap is a valuable resource for investors and others interested in the cryptocurrency market. It provides a comprehensive overview of the risks, challenges, and potential solutions for mitigating them.
#CryptoRisk #USGovernment #FinancialStability #CryptocurrencyRegulation
The post U.S. Government Releases Roadmap To Mitigate Crypto Risk For Investors first appeared on Byte Syze Crypto.
Tron founder and advisor to the exchange, Justin Sun, has stated that Huobi could get a Hong Kong crypto license in six to twelve months. Specifically, Sun told Coindesk that the exchange applied to become a virtual asset service provider (VASP) last week. Additionally, Sun discussed the process of the VASP application and his belief that the crypto exchange could have an answer by the end of the year. Huobi had recently relocated to Hong Kong, aiming to launch Huobi Hong Kong by the summer. Sun was asked about embracing potential competition in the Canadian market and noted the strict regulatory standards in the country, referring to the Caribbean, Hong Kong, and Japan. There has been no verification of other cryptocurrency exchanges that have applied for a similar license, however, Coindesk reported Sun’s expectation that five to six other exchanges could make the move.
This news is good for Huobi as they are in the process of obtaining a crypto license in Hong Kong, which would allow them to operate in the region and serve customers. Other exchanges may also apply for the license, and the grace period given to the exchange could provide them with the opportunity to get approval in the next six to twelve months.
#Huobi #HongKong #CryptoLicense #VASP #JustinSun
You can read more about this topic here: Watcher Guru: Justin Sun Says Huobi Could Get Hong Kong Crypto License in 6-12 Months
The post Justin Sun Predicts Huobi Crypto Exchange to Secure Hong Kong License in Under a Year first appeared on Byte Syze Crypto.
#CryptoSafety #RugPulls #DefiExploits #ProtectInvestors
You can read more about this topic here: Watcher Guru: Crypto Rug Pulls Outvalued Defi Attacks in May, $45 Million Lost
The post Crypto Rug Pulls: How $45 Million In Defi Attacks Were Lost In May first appeared on Byte Syze Crypto.
The Commodity Futures Trading Commission (CFTC) has proposed a re-modelled rule-set for risk management as part of its effort to respond to the U.S. banking crisis. Commissioner Christy Goldsmith Romero highlighted the need for such regulations due to the risks posed by the emergence of technologies like crypto, AI, and cloud services. The CFTC’s advance notice of proposed rulemaking will be open for public comments for 60 days. The final version will then be voted upon. #CFTC #RiskManagement #Crypto #Regulations
You can read more about this topic here: Watcher Guru: Crypto: U.S. CFTC Looking to Change Risk Rules
The post CFTC Set to Revamp Risk Regulations: How it Impacts the Crypto Industry first appeared on Byte Syze Crypto.
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