Bitcoin and Co. are increasingly being targeted by the supervisory authorities. The latest warning is issued by the FSB.
The crypto markets are a potential threat to financial market stability, according to the Financial Stability Board (FSB).
This came from a report by the FSB published today, Wednesday 16 February.
In its report, the authority highlights topics such as DeFi, stablecoins and crypto trading platforms.
“Crypto-asset markets are evolving rapidly and, due to their scale, structural vulnerabilities and increasing interdependence with the traditional financial system, could reach a point where they pose a threat to global financial stability,” the FSB said.
The FSB is based in Basel (Switzerland) and is responsible for overseeing the international financial system.
Recommendations are regularly made to countries and governments regarding possible threats to financial stability.
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