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Crypto Edging Closer to Financial Threat, the FSB Says
The FSB’s outgoing leader, Klaas Knot, has warned that crypto may soon reach a level where it influences global finance. In a recent speech delivered in Spain, Knot spoke about the growing risks in the sector. He stated that, despite past issues, such as fraud, bankruptcies, and liquidity gaps, cryptocurrency had not yet posed a significant threat to global financial stability. But that may be changing. The FSB has long tracked developments in digital assets, observing their rise with cautious interest. Knot said that recent trends show that crypto is no longer as detached from the traditional system as it was ... (full story)
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