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Crypto Equated to Toxic Pre-Crisis Swaps by Banking Watchdog

Crypto Equated to Toxic Pre-Crisis Swaps by Banking Watchdog



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  1. tldr; Acting Chief of the Office of the Comptroller of the Currency Michael Hsu has warned that cryptocurrencies and decentralized finance may be evolving into threats to the financial system in much the same way certain derivatives brought it near collapse more than a decade ago. “Crypto/DeFi today is on a path that looks similar to CDS in the early 2000’s,” Hsu said. “Fortunately, this group has the power to change paths

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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