Cryptocurrency Poses Dangers, Alternatives for US Public Finance
Fitch Rankings-Chicago/Austin/New York-19 October 2021: A restricted variety of US public finance issuers are encouraging cryptocurrency (crypto) ventures and exploring using crypto as a type of trade to develop economies and promote efficiencies, however this will expose issuers to a still-evolving financial and regulatory surroundings, Fitch Rankings says. Public entities have to this point sometimes been recipients of crypto that’s transformed to money. Crypto affords ease and velocity of switch of worth, relative to settlement by the traditional US monetary system. As a result of crypto transactions are performed by way of distributed ledger expertise (DLT), funds could be routinely executed as soon as situations of the […]