قالب وردپرس درنا توس
Home / Business / Crypto asset growth can threaten the financial system, says FSB

Crypto asset growth can threaten the financial system, says FSB



The rapid development of crypto assets such as Bitcoin could one day make them a threat to the financial system, said Mark Carney, chairman of the Financial Stability Board, in a letter to the group of 20 CFOs.

Greater use and interconnectedness, if executed without significant improvements in behavior, market integrity and cyber-attack resilience, could create financial stability risks through trust effects, "Carney wrote, his letter, which was released Sunday distributed to a meeting of finance ministers of the G-20 and governors of central banks in Buenos Aires.

Carney, who is also Governor of the Bank of England, has requested more regulation early this month to rule the era of cryptocurrency " In its G-20 letter, Carney said the FSB will look for metrics and data gaps to monitor the growth of crypto assets and identify new threats to financial stability.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *