With the new Markets in Crypto Assets regulation (MiCA) set to take effect within the bloc in 2024, the European Systemic Risk Board (ESRB), chaired by EU central bank chief Christine Lagarde, warned in a Thursday report of the risks of crypto lending and staking, and of high leverage in digital asset markets.
Crypto Conglomerates, DeFi Targets of EU Financial Stability Watchdog ESRB Concerns
