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Crypto-assets and their risks for financial stability

From esma.europa.eu

Since the publication of Bitcoin’s (BTC) whitepaper in 2008 ( 3 ), the crypto-asset market has grown into a vast and inherently global system of over 20,000 coins ( 4 ), with features that increasingly resemble traditional financial markets and infrastructures. After a sustained period of growing awareness and adoption of crypto-assets, deteriorating macroeconomic conditions have darkened the market outlook in recent months. Rising inflation and the end of the low interest rate era have undermined previously bullish investor sentiment, causing a dramatic sell-off in the crypto-asset market ( 5 ). By July 2022 the ... (full story)

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  • Category: Fundamental Analysis