Crypto assets could threaten financial stability, CBI warns

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The financial stability of economies could be threatened by “fast-evolving” crypto assets, the regulation of which has now become a priority for the Central Bank of Ireland, the regulator has told politicians.

The financial stability of economies could be threatened by “fast-evolving” crypto assets, the regulation of which has now become a priority for the Central Bank of Ireland , the regulator has told politicians.

At a recent briefing of members of the Oireachtas Finance Committee, the Central Bank said the global crypto market was estimated to be worth $1.9 trillion, but added that it had “not yet given rise to financial stability issues” given its relatively ...

 

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