“Fast-paced developments in DeFi and cryptoassets necessitate a proactive and forward-looking regulatory and supervisory approach,” according to Bank of Spain Governor
- “In deciding how best to harness the potential benefits from such developments while mitigating their risks in a world of uncertainty, it makes sense to err on the side of caution and prudence,” De Cos, who’s also chairman of the Basel Committee on Banking Supervision, says in speech in Madrid
- “If there are unregulated areas of the financial system, including the emergence of a ‘shadow’ crypto financial system, then the appropriate response is to ...