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Crypto’s ‘shadow banks’ don’t want to play by the rules — setting the stage for a major crisis
If a crypto firm runs what looks like a bank and operates like a bank, then it should be regulated like a bank. In the years following the 2008 financial crisis, U.S. regulators spent enormous efforts ...
July 15 (Reuters) - The Federal Reserve has proposed new rules that would allow it to gather granular details about banks' exposure to shadow banks, a move that shows how regulators are trying to ...
With help from Washington, new crypto trust-banks are bypassing guardrails governing traditional banks Crypto firms are performing bank-like functions, but without strict regulation. If a crypto firm ...
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