FSB views crypto assets as minor threat to stability

The Bank for International Settlements, Basel
The Basel-based institution is working to improve regulators’ understanding of the risks
Photo: Ulrich Roth

Cryptocurrency assets do not currently pose a “material risk” to global financial stability, but the sector is rapidly changing and warrants “vigilant monitoring”, the Financial Stability Board has said today (October 10).

The FSB warns of several potential risks posed by crypto assets such as bitcoin and ether, stemming from low liquidity, the use of leverage, market volatility and operational risks.

“In the future, should the use of crypto assets continue to evolve, it could have

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