Digital assets are likely to be regulated: Powell
Reuters
Synopsis
“It’s highly likely that digital financial activities that are currently outside the regulatory perimeter will find their way, will be brought within it, which is necessary to level the playing field, keep the trust of users, protect consumers and all that,” Powell said
Digital assets not governed by government regulation will probably be brought within a set of rules at some point, U.S. Federal Reserve Chair Jerome Powell said on Wednesday.
“It’s highly likely that digital financial activities that are currently outside the regulatory perimeter will find their way, will be brought within it, which is necessary to level the playing field, keep the trust of users, protect consumers and all that,” Powell said during a panel discussion on digital currencies organized by the Bank for International Settlements.
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Digital assets are likely to be regulated: PowellReutersLast Updated: Mar 23, 2022, 06:49 PM ISTSynopsis”It’s highly likely that digital financial activities that are currently outside the regulatory perimeter will find their way, will be brought within it, which is necessary to level the playing field, keep the trust of users, protect consumers and all that,” Powell saidDigital assets not governed by government regulation will probably be brought within a set of rules at some point, U.S. Federal Reserve Chair Jerome Powell said on Wednesday. “It’s highly likely that digital financial activities that are currently outside the regulatory perimeter will find their way, will be brought within it, which is necessary to level the playing field, keep the trust of users, protect consumers and all that,” Powell said during a panel discussion on digital currencies organized by the Bank for International Settlements. (What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.) Download The Economic Times News App to get Daily Market Updates & Live Business News….morelessPick the best stocks for yourself Powered by