1. Digital Asset Holdings 2. Circle 3. Coinbase 4. Gemini 5. Bitfinex

Key Highlights :

1. The IMF has called for consistent international regulation of the cryptocurrency sector after a year that has seen a number of collapses of major exchanges and crypto-linked banks.

2. Regulations should cover crypto storage, transfer, exchange and custody of reserves, with extra prudential requirements for those carrying out multiple functions and for the issuers of stablecoins – tokens that seek to maintain their value versus fiat currencies.

3. The collapse of multiple entities in the crypto asset ecosystem has again made the call more urgent for comprehensive and consistent regulation and adequate supervision.

4. Cryptocurrencies are still in their early stages, and there is a lot of potential for innovation, but there is also a risk of them replacing traditional finance players.

     The International Monetary Fund released its Global Financial Stability Report on Thursday, and one of the key findings is that the global financial system is more vulnerable to shocks than it was before. One of the key reasons for this is that the global economy is increasingly complex, and this complexity makes it harder for regulators and banks to identify and manage risks.

     One of the key risks that the global financial system is more vulnerable to is collapses like those seen at Signature Bank, Silvergate Bank, and Silicon Valley Bank. These collapses show that the global financial system is not as robust as it should be, and that there is a need for stronger consumer protection, governance norms, and the IMF's recommended measures to improve global financial stability.

     The IMF's report is a stark reminder that we need to take steps to ensure that the global financial system is as robust as it can be in the face of future shocks. We need to continue to work to improve the global financial system, and to make sure that consumers are protected from risk and that the global economy is stable.

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