0 sats \ 1 reply \ @cryptocoin OP 20 Feb 2023 \ on: No. 69: Crypto shocks and retail losses | BIS Bulletin [PDF] bitcoin
Here's an article from CoinDesk on this bulletin:
Retail Crypto Investors in Emerging Economies Hit Hardest by FTX, Terra Collapses: BIS https://www.coindesk.com/markets/2023/02/20/retail-crypto-investors-in-emerging-economies-hit-hardest-by-ftx-terra-collapses-bis
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100 sats \ 0 replies \ @nullama 21 Feb 2023
Here are a couple of points from the article cited in the cited article :)
Authorities may consider different – not mutually exclusive – lines of action to tackle the risks in crypto. These include containment or regulation of the crypto sector or an outright ban.
Central banks and public authorities could also work to make TradFi more attractive. A key option is to encourage sound innovation with central bank digital currencies (CBDCs).
Basically they want to ban/control Bitcoin globally, and push for CBDCs.
Good luck with that.
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