Sygnal Fin

| crypto rating agency | independent | due diligence | data analytics | call for regulation

[Sygnal Fin @FinSygnal]

Following another year of important lessons learned within crypto, Sygnal Ratings decided to share core requirements for high (AA) + premium (AAA) grade tier DAOs. For that purpose we present the DATT Framework for DAOs. #DAO #Framework #Crypto #Standards https://t.co/JYtje2AvRx

[Sygnal Fin @FinSygnal]

@CurveFinance is releasing their #algorithmic #stablecoin $crvUSD without addressing any upcoming regulatory scrutiny, esp. #mica. C&D letters & fines by #EU #financial #regulators are foreseeable, not to mention the "success" rate of algorithmic stablecoins. llama != safe

[Bitfinex'ed 🔥🐧 Κασσάνδρα 🏺 @Bitfinexed]

Market fakers. Stop calling them market makers, they don’t make shit. They stuff the order books then wash trade to make the illusion of demand.

[Sygnal Fin @FinSygnal]

Great read about coin price manipulation: ".. the manipulators are not shadowy figures who hide behind Tor, but the very startups that issued the tokens and the whole industry of influencers, exchanges, market makers, and others.“ https://t.co/IfE3DJH74v

[Sygnal Fin @FinSygnal]

Without proper #regulation, #crypto will continue to be a breeding ground for scams, money laundering, and market manipulation, ultimately leading to its downfall. It's time for stricter scrutiny to bring order to the chaos before it's too late. #CryptoRating #ProtectInvestors

[Sygnal Fin @FinSygnal]

6/6 Innovation: While regulation could increase transparency & security in the #crypto, it could also stifle #innovation & make it more difficult for startups to enter the market. 👎

[Sygnal Fin @FinSygnal]

With the #crypto industry undergoing more scrutiny from #SEC #CFTC #EU (#Mica) etc. the question is: what impact will this have? 🧵1/6

[Sygnal Fin @FinSygnal]

5/6 Stability: Regulation could help stabilize the volatile #crypto market by requiring exchanges to implement measures such as circuit breakers & price limits. Food for thought. 🧠👩‍🍳

[Sygnal Fin @FinSygnal]

3. #Algorithmic #stablecoins will face a moratorium on their issuance until certain conditions are met. E. g. evidence that no systemic risk to financial stability is given & instalment of appropriate safeguards to protect consumers & ensure compliance w/ regulations.

[Sygnal Fin @FinSygnal]

Consequences of the House of Representatives #bill regarding #stablecoin :
1. Issuers of stablecoins will be required to obtain a charter or license from a financial regulator and comply with various requirements related to #safety, soundness, consumer protection, #AML, #CFT.

[Sygnal Fin @FinSygnal]

2. Issuers of #stablecoins will also be subject to ongoing supervision & examination by financial authorities.

[Sygnal Fin @FinSygnal]

6/6 Authorities will further conduct research to 1. evaluate effectiveness of digital ID tech in preventing #fraud & making financial services more accessible and 2. evaluate the potential benefits and risks of a #CBDC .

[Sygnal Fin @FinSygnal]

1/6 The world of #crypto matures. US HR introduced a #bill that would provide requirements for #stablecoin issuers. Following 🧵 are the most important points, specifics are yet to be defined

full bill: https://t.co/oMaR43XmMo

[Sygnal Fin @FinSygnal]

5/6 #stablecoin issuers will have to comply with #AML & #CFT requirements, including #KYC, #EDD, suspicious activity reporting, & recordkeeping.

[Sygnal Fin @FinSygnal]

First study finds: #blockchain can lower coupon yield by 13% in #ABS issuance, while making them cheaper to buy. Though yields may be lower, blockchain reduces information asymmetry between issuers & investors, increasing #transparency & #security. #Crypto https://t.co/KGWl82Pq6L