Cryptocurrency market turmoil underscores 'urgent need' for regulation - US Treasury

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

WASHINGTON : Recent turmoil in the cryptocurrency market underscores the 'urgent need' for regulatory frameworks that reduce the risks posed by digital assets, a U.S. Treasury official said on Thursday, as investors pulled assets out of the sector.“Treasury is monitoring activity in the crypto market. W

WASHINGTON : Recent turmoil in the cryptocurrency market underscores the"urgent need" for regulatory frameworks that reduce the risks posed by digital assets, a U.S. Treasury official said on Thursday, as investors pulled assets out of the sector.

“Treasury is monitoring activity in the crypto market. We believe the recent turmoil only underscores the urgent need for regulatory frameworks that mitigate the risks that digital assets pose," the official told Reuters. "We continue to work closely with our regulatory partners, as they take action under their existing authorities, and offer guidance and expertise as Congress considers legislation to further address these risks.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines