European Central Bank has few positives for crypto in new report

European Central Bank has few positives for crypto in new report
HeadlinesNewsEuropean Central Bank has few positives for crypto in new report

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European Central Bank has few positives for crypto in new report

Crypto Daily™a month ago
Published on May 24, 2022 18:30 GMT+00:00edited on May 26, 2022 12:19 GMT+00:00

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The ECB has today released a report on the financial stability risks associated with crypto. It highlights that if current trends in growth and market integration persist then crypto-assets will have an impact on financial stability.

The report entitled “Decrypting financial stability risks in crypto-asset markets”, categorises the perceived threats that crypto brings to the safety of retail investors, and to the financial stability of the Euro zone as a whole.

The report does acknowledge that there has been increased demand for crypto from retail and institutional investors alike. It points out though that while the crypto market represents only 1% in size of the entire global financial system, it is still a similar size to the subprime mortgage markets that brought the …