India’s Central Bank Governor, Shaktikanta Das, has recently brought to light the significant risks that cryptocurrencies pose to traditional financial systems. Speaking at the Peterson Institute for International Economics’ Macro Week 2024, Das highlighted that cryptocurrencies’ nature as privately issued financial instruments could lead to fundamental challenges for regulatory oversight and monetary policy stability. Das […]
RBI Highlights Risks of AI in Banking and Private Credit Markets
The increasing integration of artificial intelligence (AI) within the financial sector has raised alarm bells, particularly in India. Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), recently addressed these pressing concerns, indicating potential risks that AI poses to financial stability. As AI continues to reshape banking operations, understanding the associated risks becomes […]
China’s Former Finance Minister Urges Caution as Crypto Regulation Evolves Globally
Former Chinese finance minister Lou Jiwei has recently expressed significant concerns regarding the impact of cryptocurrencies on the global financial system. Speaking at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, Lou emphasized the need for cautious regulation amid the ongoing evolution of cryptocurrency markets and policies worldwide. Lou’s remarks were largely influenced by […]