Bankers and Regulators Find Common Ground on Crypto at Davos
- Singapore’s Tharman: crypto is a ‘slightly crazy’ asset class
- ECB’s Villeroy calls for ‘urgent’ regulation of cryptoassets
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Regulators and bankers might not always agree, but they found common ground in Davos on the topic of crypto and regulating the digital asset industry.
Speaking at a panel on the challenges facing banks, Singapore’s Senior Minister Tharman Shanmugaratnam and European Central Bank Governing Council member Francois Villeroy de Galhau emphasized the need for crypto regulation, a sentiment echoed by UBS Group AG Chairman Colm Kelleher.