Financial Stability Board Calls Cryptocurrency a Threat
The Financial Stability Board (FSB), which advises the G20 on all matters related to finance, has concluded that cryptocurrency could potentially destabilize global finances. This conclusion comes via a recent FSB report titled “Crypto-asset markets: Potential channels for future financial stability implications.” A press release via Coin Desk reveals the details of this report: based on the limited size of the crypto-assets market, it currently doesn’t pose any material threat to global financial stability.
However, the report also states ...
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Shashank Jain
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