common-close-0
BYDFi
Trade wherever you are!

How has the repeal of the Glass-Steagall Act affected the regulation of digital currencies?

avatarEnosent ThembaDec 26, 2021 · 3 years ago1 answers

Since the repeal of the Glass-Steagall Act, how has the regulation of digital currencies been impacted? What changes have occurred in terms of oversight and control? How have financial institutions adapted to these changes?

How has the repeal of the Glass-Steagall Act affected the regulation of digital currencies?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    The repeal of the Glass-Steagall Act has had a significant impact on the regulation of digital currencies. It has opened up new opportunities for financial institutions to participate in the digital currency market. However, it has also raised concerns about the potential for increased risk and the need for effective oversight. Regulatory bodies have been working to develop regulations and guidelines to ensure the responsible use of digital currencies and protect consumers. The repeal of the Glass-Steagall Act has changed the landscape of digital currency regulation and has required regulators to adapt to the evolving market.