If the SEC doesn’t regulate crypto assets, a new shadow finance industry could emerge
PATRICK AUGUSTIN, 08 May 2021
The Securities and Exchange Commission (SEC) is dragging its feet in deciding whether it should approve the listing of a Bitcoin exchange-traded fund (ETF) proposed by VanEck Associates Group. While it is good to be cautious, speed and political decisiveness are equally important. Otherwise we risk the rise of a digital shadow finance industry.
Cryptocurrencies are here to stay. The opportunities brought about by the digitization of assets and new financial technologies make it challenging to reverse the course of financial innovation. Continue reading “Article: If the SEC doesn’t regulate crypto assets, a new shadow finance industry could emerge”
