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Crypto Shows All the Signs of Financial Stability Risk, ECB Says

  • Central bank says crypto regulation in the EU is urgent
  • ECB officials have stepped up crypto warnings in recent days
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Guggenheim’s Minerd on Crypto: ‘Everything Is Suspect'

A dramatic increase in the size and complexity of crypto markets means the sector is on track to become a risk for financial stability that must urgently be regulated, the European Central Bank said. 

While recent volatility has not proved contagious to the rest of the global financial system, the threat is increasing with institutional investors increasingly involved, the ECB said in a pre-released chapter from its financial stability review.