Quantcast
Connect with us

US regulatory panel urges monitoring of virtual currencies risks

Published

on

A U.S. regulatory panel on Thursday called for watchdogs to closely monitor risks created by financial innovation, warning that fintech and virtual currencies such as bitcoin threaten to disrupt the traditional financial services industry.

The comments from the Financial Stability Oversight Council (FSOC), which monitors potential risks to the financial system, offers a further sign that regulators are looking to bring the likes of bitcoin, online lenders, and distributed ledger technology under their purview.

ADVERTISEMENT

“New applications of technology … can be disruptive and can create risks and vulnerabilities that are difficult to anticipate. Accordingly, the Council encourages financial regulators to continue to identify and study new products and services … and coordinate regulatory approaches,” it said.

(Reporting by Pete Schroeder)


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

‘Complete and utter moron’: Anti-mask Republican derided after he ‘dismantles himself’ amid grilling from CNN host

Published

on

Florida State Rep. Anthony Sabatini (R) is facing a backlash online after appearing Wednesday on CNN to argue against mask mandates, which are intended to slow the spread of COVID-19.

Sabatini told CNN host Brianna Keilar that mask mandates were a violation of Florida's constitution. "This is something government has never done before. We've never had government telling people what you have to do with your own face," he said.

Continue Reading

COVID-19

Governor who repeatedly refused masks and social distancing is ‘pretty shocked’ he’s been infected with coronavirus

Published

on

Oklahoma's Governor Kevin Stitt who became internet infamous when he posted a photo of himself and his family having a great time in a crowded restaurant amid the start of the coronavirus pandemic has contracted the virus and says he "pretty shocked" he's positive.

"I feel fine," Stitt said, Tulsa World reports, noting the 47-year old Republican is "just a little achy." "I was pretty shocked that I was the first governor to get it."

Continue Reading
 

Breaking Banner

Florida man caught on video pulling gun and threatening to kill shopper who asked him to wear a mask

Published

on

A man shopping in a Florida Walmart pulled a gun and threatened to kill a shopper who asked him to wear a mask, according to police, NBC Miami reports.

Surveillance video shows an unmasked man pushing an elderly man in a wheelchair in the store this Saturday. A masked shopper approaches the pair and words are exchanged, prompting the man to give the masked shopper the middle finger. Soon after, the man pulls a gun from his waistband, allegedly threatening to kill the shopper before he leaves the store.

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image