Growth of Crypto-Assets May Threaten Financial System, FSB Says


The rapid evolution of crypto-assets such as Bitcoin may one day make them a threat to the financial system, Mark Carney, chairman of the Financial Stability Board, said in a letter to Group of 20 finance leaders.

“Wider use and greater interconnectedness could, if it occurred without material improvements in conduct, market integrity and cyber resilience, pose financial stability risks through confidence effects,” Carney wrote. His letter, published on Sunday, was circulated for a meeting of G-20 finance ministers and central bank governors in Buenos Aires…
Categories : Finance

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