What is the impact of the Glass-Steagall Act on the regulation of digital currencies?

1 answers

• Nov 28, 2021 · 3 years ago
  The Glass-Steagall Act, enacted in 1933, has had a limited direct impact on the regulation of digital currencies. The Act's main focus was to address the risks associated with the combination of commercial and investment banking. However, its underlying principles, such as the separation of banking activities and the prevention of conflicts of interest, have influenced the regulatory approach towards digital currencies. Regulators have drawn upon the Act's principles to establish safeguards and oversight measures for digital currency exchanges and custodial services. While the Act's provisions were not specifically designed for digital currencies, they have provided a foundation for ensuring the stability and integrity of the digital currency ecosystem.
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