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New OECD report takes lessons from crypto winter, faults ‘financial engineering’

The paper from the OECD, an intergovernmental body with 38 member states dedicated to economic progress and world trade, concentrated on events in the first three quarters of 2022. It placed the blame for them squarely on a lack of safeguards due to “non-compliant provision of regulated financial activity” and the fact that “some of these activities may fall outside of the existing regulatory frameworks in some jurisdictions.”

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Source: Cryptocurrency - investing.com

ECB to slow rate hikes and lay out plans to drain cash

New FTX CEO is getting paid $1,300 an hour, and customers will foot the bill