Smart contracts coded to auto-cheat investors, U.S. authorities allege
Global policy group details priorities ahead of G20 meeting later this week
Sector faces all the risks of traditional finance, amplified by its own inherent vulnerabilities
Report recommends leveraging existing framework to enable crypto to deliver benefits as a payment mechanism
Central bank proposal would disintermediate banks and curb deposit funding
Staking scheme required registration, regulators alleged
Regulators' actions show that code is not above the law
Blockchains inherently enable front running and other activity that's offside in traditional financial markets
Blockchain model can't create network effects needed for economic exchange
Policymakers advised to start considering measures before threat materializes
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