While the paper outlines a comprehensive regulatory framework, it also cautions against blanket bans on all VDAs activities. Such bans, the paper argues, can be costly and challenging to enforce due to the borderless nature of VDAs. They may also lead to increased incentives for circumvention, resulting in heightened financial integrity risks.
Dollar rebounds after Fed goes big on rate cut
The U.S. dollar rose broadly on Thursday after the Federal Reserve’s significant interest rate cut. Despite initial volatility, the dollar rebounded from a one-year low
September 19, 2024