Cryptocurrencies reach a critical point and generate alarm in the ECB.
The crypto asset market, led by giants like Bitcoin and Ethereum, has reached a historic crossroads.
According to recent statements by Klaas Knot, president of the Financial Stability Board (FSB) of the European Central Bank (ECB), cryptocurrencies have ceased to be harmless players in the financial system and have evolved into a systemic risk with global implications.
In this article, we will analyze how the flourishing of this market is disrupting global financial balance, the main risks it entails, and the urgent need to establish effective regulatory frameworks.
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