A recent surge of interest has seen the assets of gold stablecoins pass $1bn in value. But business and disclosure standards in the sector are uneven and patchy. A stablecoin […]
On 28 February the US, EU and UK froze most of the Russian central bank’s $630bn foreign currency reserves, responding to the country’s invasion of Ukraine. In the words of […]
When applying sanctions to Russia’s central bank this week, the Bank for International Settlements (BIS) made a radical departure from the neutral stance it adopted during the second world war. […]
“In the case of Putin we are in this very dangerous place. We have reacted so aggressively and moved so far, so fast that he is personally humiliated under anything […]
Amidst the escalating war in Ukraine, Western countries are seeking to step up sanctions against Russia-linked entities. But sanctions can only be enforced if the dividing line between permitted and […]
Democratic systems are at risk from a reliance on oligarchs’ money flows, says Tom Burgis, an author and journalist at the Financial Times. Burgis is the author of a 2020 […]
Decentralised finance (DeFi) resembles the unregulated ‘shadow banking’ whose unruly growth triggered the 2008 financial crisis. And regulators need to move fast to avoid a repeat of the crash, says […]
Over the last decade India has undertaken arguably the most ambitious digitisation programme of any country in the world. Its so-called ‘India stack’—a public digital infrastructure that allows governments, businesses, […]
Cryptocurrency deposit-taker and lender BlockFi made materially false and misleading statements on its website about the risks facing smaller clients, the US securities regulator said today. According to the Securities […]
Last week’s $320m Wormhole hack raises serious questions about contagion risks between crypto and the broader financial markets. $320m of disappearing ether On February 2, an attacker exploited faulty code […]
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