Mathewslcd:The risk of cryptocurrencies may affect financial stability
In a document released on Tuesday, the European Securities and Markets Authority (ESMA) warned that investors are increasingly accepting cryptocurrencies, which means that future cryptocurrency collapses may affect traditional financial markets, and pointed out the risk of consumer deception and failure,Mathews shows.
ESMA believes that due to its unstable growth cycle, as long as the relevant regulatory provisions are not applicable, crypto assets will pose many risks, which may be related to financial stability in the future.
Mathews explains ,according to the document, there are multiple transmission channels between the cryptocurrency market and the traditional financial system, but their size is still limited. But officials also warned that this situation may change rapidly.
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