⚠️ FSB Chair Warns: Crypto Could Pose Systemic Financial Risks
According to PANews, Klaas Knot — the outgoing Chair of the Financial Stability Board (FSB) — has raised fresh concerns about the systemic risks emerging from the cryptocurrency sector.
🧠 Key points from Knot’s statement:
• Stablecoin issuers hold large amounts of U.S. Treasury bonds — a growing link to traditional finance
• Retail access has widened with the rise of crypto ETFs, tightening the crypto–TradFi connection
• The sector is approaching a critical point that could threaten global financial stability
🔍 Knot emphasized the urgent need for proactive regulation, stating:
“The crypto ecosystem will continue to evolve, and our regulatory framework must do the same.”
#CryptoRegulation #FSB #Stablecoins #CryptoETF #TradFi #BinanceSquare #FinancialStability