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0 -0.000656366757548195 0.000302938503483804 -0.000302938503483804 0.0017671412703221 0.000959305261031999 0.00474603655457941 0.00626072907199843
Stock impact report

BIS Sounds Alarm on Lightly Regulated 'Shadow Crypto Financial System' [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
in risky financial intermediation activities traditionally performed by banks and prime brokers, without the prudential safeguards that apply to such intermediaries. What's the Scoop? Shadow Dangers: The BIS is sounding the alarm on CASPS that together form a lightly regulated shadow banking sector. According to Occasional Paper Number 27 , such service providers offer lending and “earn” products that resemble traditional bank deposits, but that lack deposit insurance, regulatory oversight, and other standard safeguards. The BIS report argues many of these products are effectively unsecured loans to platforms, despite being marketed to retail consumers as passive income opportunities. Listed Examples: Binance, Bybit, Coinbase, Crypto.com, MEXC, and OKX (and FTX prior to its collapse) are all named by the BIS as examples of lightly regulated shadow crypto banks. Some of these firms have ownership links with stablecoin issuers and have a wide geographic reach, operating in many ju Show less Read more
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