Leading US regulators called for “monitoring” the impact of cryptocurrencies on the financial industry

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    Cryptocurrencies in the USA

    A group of leading US financial regulators, including the US Treasury Secretary and the Federal Reserve Chairman, recommended federal government officials and individual states to strengthen control over cryptocurrencies and study in detail the risks to the current financial system. Regulators have focused on bitcoin and stablecons produced by large companies (most likely, Libra from Facebook is implied).

    This recommendation was published in the annual report of the Financial Stability Board.

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