The disorderly development of crypto assets risks "private" fragmentation
On May 16, Villeroy, the governing board of the European Central Bank, said that there is a risk of “private” fragmentation in the disorderly development of cryptocurrency assets, including the misnamed “stablecoins.” If crypto-assets are not regulated, supervised and interoperated in a consistent and appropriate manner across different jurisdictions, they could disrupt the international financial system.
The disorderly development of crypto assets risks "private" fragmentation
On May 16, Villeroy, the governing board of the European Central Bank, said that there is a risk of “private” fragmentation in the disorderly development of cryptocurrency assets, including the misnamed “stablecoins.” If crypto-assets are not regulated, supervised and interoperated in a consistent and appropriate manner across different jurisdictions, they could disrupt the international financial system.
