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Vulnerabilities in crypto ecosystem may pose risk to financial stability worldwide: MAS

The Straits Times LogoThe Straits Times2 mo ago

Vulnerabilities in crypto ecosystem may pose risk to financial stability worldwide: MAS - The Straits Times

Quick Summary:

November 25, 2022 1:00 PM - Crypto could pose material risk to financial stability through its linkages with the traditional financial system.

However, crypto exchanges also provide a greater range of services than traditional stock exchanges, such as custody and margin trading services.

Meanwhile the role of international standard setting bodies and other organisations in coordinating and achieving globally consistent outcomes will be key.“Even as digital assets and their underlying technologies are explored for their merits, it will be important to continually assess the risk that they pose,” said MAS.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-25 @ 13:00:00 (2 months ago)

News Timezone: GMT +8:00

Ranking: #1698 (out of 2165 stories this day)

News Source URL: straitstimes.com

Language: English

Article Length: 783 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 1923916

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About The Straits Times

The Straits Times Logo

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 7 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 9 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

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The story "Vulnerabilities in crypto ecosystem may pose risk to financial stability worldwide: MAS" was covered 2 months ago by The Straits Times, a news publisher based in Singapore.

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It's most recent story was published 9 hours ago.

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  • URL: https://beamstart.com/news/vulnerabilities-in-crypto-ecosystem-may-1669354242

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