The OECD calls for international cooperation on cryptocurrency regulation

ChainCatcher news, the Organisation for Economic Co-operation and Development (OECD) has released a new report analyzing the events and impacts of Terra, Celsius, Three Arrows Capital, FTX, and others. The report states that while the current bankruptcies of crypto companies have little impact on traditional finance, the increasing connection between the two could lead to broader financial instability in the event of the next crypto crash.

To this end, the OECD emphasizes the "urgent need for action," particularly to protect retail investors. It calls for international cooperation on cryptocurrency policy to avoid regulatory arbitrage opportunities. (Source link)