Eddie Yue, CEO of Hong Kong’s central bank HKMA, thinks that cryptocurrencies will not “go away” despite the crises in the industry.
Attending a meeting with the participation of G20 officials, Yue said, TerraUSD (UST) with LUNA token In order to prevent crises similar to the one experienced, the crypto money market should be needs to be regulated more. told.
According to the head of the central bank, crypto money and decentralized finance technologies will continue to have a place in our lives despite these crises in recent months:
“Their growth may be constrained, but I think crypto and decentralized finance will not go away despite these events. Because the underlying technology and innovation are likely to be important to the future of our financial system.”
Hong Kong’s central bank published a statement earlier this year, and it is working on cryptocurrencies. “A balanced balance that will protect the security and efficiency of the financial system in Hong Kong on the one hand, and support financial innovation on the other.He stated that he would follow an approach.