RABIT Weekly News(W4 January 2023)

Jan 27, 2023 • 1 min read

European Parliament's Committee on Economic and Monetary Affairs made a stand that European banks must treat cryptocurrency as a risky asset. The EU parliament said, "Over the past few years, we have witnessed that cryptocurrency is a high-risk investment asset, and it is a measure to prevent the instability of cryptocurrency from spreading to the financial system."
Japan's Financial Services Agency announced it would enable local exchanges to facilitate foreign-issued stablecoins. However, it does not mean that all foreign coins will be allowed without restrictions, and only stablecoins guaranteed to be safe from investor protection will be allowed.
The World Economic Forum, where political and business figures from all over the world gather, was held in Davos. With the theme, "Cooperation in a Divided World," Web3 fields such as blockchain and cryptocurrency were dealt with, giving a glimpse of the global interest and development potential of Web3.

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