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Global Watchdog Points at Growing Force of Crypto with Another Usual Warning

The Financial Stability Board (FSB), an international body that monitors and prepares recommendations about the global financial system, is increasingly ringing the alarm about crypto. The institution’s latest report cla...

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Global Watchdog Points at Growing Force of Crypto with Another Usual Warning
 
The Financial Stability Board (FSB), an international body that monitors and prepares recommendations about the global financial system, is increasingly ringing the alarm about crypto. The institution’s latest report claims that cryptoasset markets are rapidly evolving and could reach a point where they pose a threat to global financial stability due to their scale, structural vulnerabilities, as well as increasing interconnectedness with the traditional financial system....
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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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