ECB warns crypto markets pose financial stability risks

Frankfurt [Germany], July 12 (ANI): The nature and scale of crypto markets are evolving rapidly, said the European Central Bank (ECB), adding that if the current trends continue, it will pose risks to financial stability.

Crypto-asset markets thus need to be effectively regulated and supervised, the ECB said in an article titled 'A deep dive into crypto financial risks: stablecoins, DeFi and climate transition risk'.

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