Has The Crypto Bubble Burst?

• Published date: 20 September 2022
• Subject Matter: Technology, Fin Tech
• Law Firm: FTI Consulting
• Author: Mr Jason Ho

The need to strengthen regulationand supervision of stablecoins and other crypto-assets, has come to the forefront after recent turmoil in markets have showed weaknesses and volatility that regulators are getting increasingly concerned about.

Regulators have started to scrutinise whether Stablecoin or Central Bank Digital Currency (CBDC) should be the way to go. With speculation growing about the long-term future for Bitcoin and its rivals, has the crypto bubble burst - and what's next for this once-promising sector?

While the international regulatory community is actively engaged in discussions around crypto assets, approaches are varied and often only partially address potential risks. There have been concerted efforts by policy makers in the U.S. and Europe, with Hong Kong and Singapore also tightening...