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546 Cryptoassets pose growing risk to global financial stability, ECB warns

UK Tech News
Oscar Hornstein @ UK Tech News · 05/25/2022 06:33 EDT

Cryptoassets pose growing risk to global financial stability, ECB warns

The European Central Bank (ECB) has warned that cryptoassets pose a major risk to global financial stability in its bi-annual review. The ECB review said that closer connections between the cryptoassets industry and banks could damage the global economy, with the recent ‘cryptocrash’ highlighting the volatility of digital assets. The review warned that “systemic risk ...

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