Singapore’s Tharman: crypto is a ‘slightly crazy’ asset class. ECB’s Villeroy calls for ‘urgent’ regulation of cryptoassets.

The global financial elite gathering in Davos, Switzerland, this week warned of the dangers stemming from the looming US federal debt-limit fight, a potential crisis that overshadowed any cheer from a reopening of China’s economy and diminishing recession risks in Europe.

German Chancellor Olaf Scholz came with an upbeat message to the World Economic Forum in Davos: Europe’s biggest economy is back, after being painfully cut off from Russian gas.