Business and Finance
Source: (remove) : Bloomberg L.P.
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Business and Finance
Source: (remove) : Bloomberg L.P.
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December Global Regulatory Brief: Digital finance


Published on 2024-12-16 17:40:49 - Bloomberg L.P.
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  • As technology continues to reshape financial services, regulators and policy setters are embarking on a range of digital-finance initiatives to manage risks and set appropriate standards.

The December Global Regulatory Brief on Digital Finance from Bloomberg Professional discusses key regulatory developments in the digital finance sector. It highlights the European Union's progress on the Markets in Crypto-Assets (MiCA) regulation, aiming to provide a harmonized regulatory framework for crypto-assets. The brief also covers the UK's approach to regulating stablecoins and the broader crypto market, emphasizing consumer protection and market integrity. Additionally, it touches on the U.S. Securities and Exchange Commission's (SEC) actions against crypto exchanges and the ongoing debate over whether certain cryptocurrencies should be classified as securities. The article also notes international efforts, like the Financial Stability Board's (FSB) recommendations for regulating global stablecoins, and mentions regulatory moves in Asia, particularly in Singapore and Hong Kong, to foster innovation while managing risks associated with digital assets.

Read the Full Bloomberg L.P. Article at:
[ https://www.bloomberg.com/professional/insights/regulation/december-global-regulatory-brief-digital-finance/ ]