FSB: cryptocurrencies too small to be major threat
Limited links to the real economy imply stability risks are low, chair says
Cryptocurrencies, or crypto assets, appear to be too small and disconnected from the real economy to pose a serious threat to financial stability at present, the Financial Stability Board has determined, after completing a review of the fast-growing sector.
“The FSB’s initial assessment is that crypto assets do not pose risks to global financial stability at this time,” FSB chair Mark Carney writes in a letter to the G20, summarising the board’s recent work.
The choice of wording – “crypto
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