Financial Stability Board (FSB) has presented a new report in which claims that “crypto-assets do not pose a material risk to global financial stability at this time.”
The report states:
“Based on the available information, crypto-assets do not pose a material risk to global financial stability at this time. However, vigilant monitoring is needed in light of the speed of market developments.”
However, in the report that is titled “Crypto-asset markets: Potential channels for future financial stability implications,” the FSB claims that crypto also “raise several broader policy issues”, such as the need for consumer and investor protection, anti-money laundering & combating the financing of terrorism, and so on.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.