Federal reserve governor says cryptocurrency buyers could lose their entire investments
(YAHOO) – Federal Reserve Governor
In recent months the cryptocurrency industry has been roiled by massive losses for investors, bankruptcies of crypto exchanges, lenders and payment platforms, and high-profile court cases including a criminal case against FTX founder
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In remarks prepared for delivery to a Global Interdependence Center conference, Waller said so far the spillover to the broader financial system has been "minimal," and it is critical that regulators make sure to mitigate financial stability risks associated with stress in the crypto industry.
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