Banks Don’t Need Extra Crypto Protections Yet, EU Regulator Says

“The EBA considers it premature to introduce new macroeconomic tools to address the systemic aspects of these risks at this stage,” the EBA said. “The EBA emphasizes the need for monitoring of the crypto asset sector, in particular identifying old and new mechanisms, vulnerabilities and risks that can make crypto assets a source of systemic risk or threat to financial stability.”

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