Crypto Assets Potential Implication on Financial Stability
From Financial Stability Board, “Crypto-asset markets - Potential channels for future financial stability implications” assesses that ‘…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.’
The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system.
Report is organised focusing first in some internal aspects such as market liquidity, price volativity, leverage, and technology-related risks. Then it explores how events on cryptocurrencies may transmit to broader financial markets, and a take on regulatory approach.