加密貨幣的採用越來越大，可能對傳統金融體系構成風險，並加劇財富不平等

作者：國際定居銀行（BIS）更新：2023年4月15日，上午1:13

The growing adoption of cryptocurrencies may pose risks to the traditional financial system and exacerbate wealth inequality, according to the Bank for International Settlements (BIS).

根據國際定居銀行（BIS）的數據，加密貨幣的採用越來越大，可能對傳統金融體系構成風險，並加劇財富不平等。

In an April 15 report, the BIS warned that the number of investors and amount of capital in crypto and decentralized finance (DeFi) have “reached a critical mass,” with investor protection becoming a “significant concern for regulators.”

在4月15日的報告中，BIS警告說，加密貨幣和分散財務（DEFI）的投資者數量和資本數量已“達到了關鍵群眾”，投資者的保護成為“對監管機構的重要關注”。

The size of the crypto market signals that authorities should be worried about the “stability of crypto over and above the role it may have for TradFi and the real economy,” the report states, highlighting the role of stablecoins, which the BIS said have “become the means through which participants transfer value within crypto.”

該報告指出，加密貨幣市場信號的規模表明，當局應該擔心“加密貨幣的穩定性超過了它對Tradfi和真實經濟的作用”，該報告強調了Stablecoins的作用，BIS表示，BIS表示，這已成為“參與者在加密貨幣內轉移價值的手段”。

The report calls for targeted stablecoin regulation on stability and reserve asset requirements that will guarantee the redemption of stablecoins for US dollars during “stressed market conditions.”

該報告要求針對穩定性和儲備資產要求有針對性的穩定法規，以保證在“壓力市場條件”期間以美元贖回的穩定幣。

Related: Spar supermarket in Switzerland starts accepting Bitcoin payments

相關：瑞士的Spar超市開始接受比特幣支付

The report comes two weeks after the US House Financial Services Committee passed the Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act, with a 32–17 vote on April 2.

該報告是在美國眾議院金融服務委員會通過了穩定的透明度和責任制兩週後，以實施更好的分類帳或穩定法案，並於4月2日以32-17票進行投票。

The STABLE Act aims to create a clear regulatory framework for dollar-denominated payment stablecoins, emphasizing transparency and consumer protection.

穩定的法案旨在為以美元計價的支付穩定幣創建明確的監管框架，從而強調透明度和消費者保護。

On March 13, the GENIUS Act, short for Guiding and Establishing National Innovation for US Stablecoins, passed the Senate Banking Committee by a vote of 18–6. The act aims to establish collateralization guidelines and require full compliance with Anti-Money Laundering laws from stablecoin issuers.

3月13日，《天才法》（Genius Act）指導和建立為美國穩定的國家創新的縮寫，以18-6的投票通過了參議院銀行委員會。該法案旨在製定抵押指南，並要求完全遵守Stablecoin發行人的反洗錢法律。

Related: $400M Web3 investment fund ABCDE halts new investments, fundraising

相關：4億美元的Web3投資基金ABCDE停止了新投資，籌款

Crypto may exacerbate wealth gap

加密可能會加劇財富差距

The BIS also raised concerns about how crypto markets may worsen income inequality by enabling larger investors to capitalize on the emotions of less sophisticated retail participants, as seen during the FTX collapse in 2022.

BIS還引起了人們對加密市場如何通過使大型投資者能夠利用不太成熟零售參與者的情緒來惡化收入不平等的擔憂，如2022年FTX崩潰所示。

“As prices tumbled in 2022, users actually traded more. Most disturbingly, large bitcoin holders ('whales') were selling as ordinary retail investors ('krill') were buying,” the BIS stated.

BIS說：“隨著價格在2022年跌倒時，用戶實際上進行了更多的交易。最令人不安的是，大型比特幣持有人（'鯨魚'）作為普通的零售投資者（'Krill'）購買。”

The report concludes that DeFi and TradFi have similar underlying economic drivers, but DeFi’s “distinctive features,” like “smart contract and composability,” present new challenges that need proactive regulatory interventions to “safeguard financial stability, while fostering innovation.”

該報告得出的結論是，Defi和Tradfi具有相似的基本經濟動力，但是Defi的“獨特特徵”，例如“智能合約和合成性”，提出了需要積極主動的監管干預措施以“維護財務穩定性的，同時促進創新的同時進行創新”。