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OverviewAPI
Global regulators are assessing the need for additional measures to prevent complex crypto firms like FTX from destabilizing the financial system. 'Layer two' cryptocurrencies native to blockchain projects have seen a surge in popularity, driven by anticipation of easing U.S. borrowing costs and a possible U.S. spot bitcoin exchange-traded fund. Singapore's central bank chief predicts that private cryptocurrencies will eventually exit the monetary scene, favoring central bank digital currencies and tokenized bank liabilities.

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