US Council Sounds The Alarm: Crypto Oversight Needed For Stablecoins

Quick Summary:

Popular stablecoins, or digital assets designed to have a "relatively stable price,” are getting noticed by policymakers.

While these crypto units are more stable than their counterparts, a recent Financial Services Oversight Council (FSOC) report suggests they can pose risks to the financial markets.

The Council contends that transparency may compromise the holders and prevent analysts from making accurate market analyses.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: HungaryCzech Republic

Topics: Crypto News Stablecoins Digital currency Crypto Bitcoin Tether

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-08 @ 10:30:10 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Readers: 82 people read this story

Article Length: 534 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 24222577

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Official Website: bitcoinist.com

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News Last Updated: 8 hours ago

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