Already, the drama has sparked debate in Washington about the regulatory reform known as Dodd-Frank that was adopted in the wake of the 2008 crisis and the decision by former President Donald Trump to partially roll it back.
There have been 565 bank failures in the United States since the start of the millennium, which is surprisingly common.
Whilst many bank failures followed the 2008 financial crisis, they have also happened during times of relative calm. Almost two banks failed per month between 2011 and 2020.
Now the blame game has begun.
This decision reflects Thailand's ongoing efforts to navigate the complexities of regulating the crypto industry.
UK Economic Secretary to The Treasury, Bim Afolami, said the framework encompasses crypto activities including operating an exchange and custody
MAS said the amendments to the Payments Services Act will help to promote innovation and growth in the digital asset space in Singapore.
This development represents a pivotal moment for the UK's cryptocurrency market, signaling a growing recognition of digital assets within the country's financial regulatory framework.
Bitcoin is becoming too correlated with traditional assets, which are going through their own swings thanks to Meta and Tesla
Meta announced an increase in spending but a reduction in its Metaverse Reality Labs arm
Hong Kong branches of China Asset Management, Harvest Fund Management, and Bosera Asset Management launch their Bitcoin and Ethereum ETFs by 30 April
HBAR's price soared over 100% after fans mistakenly believed BlackRock chose to tokenize its shares on Hedera
