Crypto Nearing ‘Tipping Point' Toward Systemic Risk, FSB's Knot Says
Risk emanating from cryptoassets could soon become a serious threat to the financial system, according to outgoing Financial Stability Board Chair Klaas Knot.
'At the FSB, we have long maintained that crypto does not yet pose a systemic risk, but recent developments suggest we may be approaching a tipping point,' he said in Madrid on Thursday.
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