FSB Chair Warns of Growing Systemic Risks in Crypto-Finance Integration

According to PANews, Klaas Knot, the Chair of the Financial Stability Board (FSB), highlighted the increasing systemic risks posed by the deepening integration of cryptocurrencies with the traditional financial system during a speech at the Bank of Spain conference. Knot noted that the introduction of cryptocurrency ETFs and the substantial holdings of U. S. Treasury bonds by stablecoin issuers have significantly lowered the barriers for retail investors, accelerating the accumulation of systemic risks source: https://www.binance.com/en/square/post/25549324712786?utm_source=BinanceNewsRSS