FSB Dey Warn Say Crypto Regulation Dey Lag As Market Double To $4T
Di Financial Stability Board (FSB) dey warn say crypto regulation no dey keep pace with market wey double reach $4 trillion this past year. Stablecoins jump 75% to $290 billion, but rules still dey scatter for 29 different places. FSB Secretary-General John Schindler talk say e dey risky as crypto assets fit waka free free across borders, wey fit shake financial stability. FSB propose eight measures to standardize rules, make cross-border monitoring strong and close all regulatory gaps. Traders suppose watch policy changes for big markets, as tight crypto regulation fit cause volatility and change how dem trade.
Bearish
Di FSB warnin say say crypto rules dem no dey follow one rule and dem dey call make rules stiff and one like one, e mean say market fit get wahala. For short time, wen people announce say dem go dey control crypto tight, e fit make market dey shake as traders dey change how dem dey trade. For long term, wen regulation base be same everywhere, e fit make money wey traders need to obey rules more, and e go reduce chance wey dem fit take buy for one place sell for another to make profit, e go reduce speculative money weh dey enter market. Overall, news dey show say regulation risk fit make prices and market volume slow down.