US moving to act on Stablecoins

according to Bloomberg who report The Financial Stability Oversight Council (FSOC) may look into the cryptocurrencies. About a two minute read.

Comment: not totally surprised as this has been rumoured for months. We know regulators are concerned about the rapid rise of DeFi (reported here on Fintech Flash News) and cracking down on Stablecoins would be a way to exert control, alledgedly to mitigate systemic risk. But will they go all the to a complete ban? And before you scoff, its within the realm of possibility, even offshore trading could be hit by an edict from FATCA. Hopefully our lobbyists are engaging, ‘cause its clear this action is being encouraged by traditional finance.

What is sytemic risk?

Systemic risk is an important component of asset valuation. So let’s find out what it is!

What are Stable Coins?

A very timely topic are stablecoins, because they’re in the news for perhaps the wrong reason. So let’s talk about them and you’ll be informed!