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Oct. 11, 2018

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.

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