How does the Glass-Steagall Act affect the development of digital currencies?

1 answers

• Dec 27, 2021 · 3 years ago
  The Glass-Steagall Act, which was repealed in 1999, does not directly impact the development of digital currencies today. However, its historical significance cannot be ignored. The act was implemented to separate commercial banking from investment banking and aimed to prevent another financial crisis. While it may not have a direct impact on digital currencies, its principles of financial regulation and risk management are still relevant. The lessons learned from the act's implementation and subsequent repeal can inform discussions on the regulation of digital currencies and the need for safeguards to protect investors and maintain financial stability.
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