🔴 The EU warns: cryptocurrencies may threaten financial stability
ESMA Executive Director Natasha Kazenave stated that cryptocurrencies currently account for less than 1% of the global market, but are growing so quickly that they could become a real threat to stability.
📌 What is important:
— Crypto is increasingly intertwined with traditional finance
— In friendly countries like the USA, this influence is particularly noticeable
— Possible risks: decoupling of stablecoins, fraud, hacks (the Bybit case of $1.4 billion was mentioned)
— The EU has already implemented MiCA, but Kazenave says this may not be enough
— ESMA proposes testing the knowledge of crypto consultants and strengthening investor protection
📉 Impact: negative — increases regulatory pressure, especially in Europe. The crypto market may face new restrictions, particularly in the areas of stablecoins and consultations.
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