LONDON: Global securities regulators set out on Thursday their first blueprint to make participants in"decentralised finance" accountable for their actions and safeguard market stability.
Such events have seen DeFi shrink from about US$180 billion in late 2021 to about US$40 billion currently, and the sector is also being used for moneylaundering, IOSCO said. "In reality, regardless of the operating model of the DeFi arrangement, 'responsible persons' can be identified," Lim said.
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Asia stocks fall as global growth concerns mountHONG KONG : Asia stocks fell on Wednesday after weak economic data in China and Europe heightened concerns over global growth, while the dollar firmed as investors weighed the outlook for U.S. interest rates.MSCI's gauge of Asia Pacific stocks outside Japan was down 0.5 per cent at 0143GMT.Australi
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Global business activity showed signs of slowdown in August: PMIsLONDON: Global business activity largely slowed further last month as services firms struggled in the face of weak demand as rising prices and borrowing costs made indebted consumer rein in spending, a raft of surveys showed on Tuesday (Sep 5). In the euro zone, the picture was gloomier than initially thou
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UN chief says global finance system fragmenting; Myanmar crisis worsensUN Secretary-General Antonio Guterres called for a mechanism to provide relief for debt-strapped developing economies. Read more at straitstimes.com.
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