Crypto Nearing ‘Tipping Point’ Toward Systemic Risk, FSB’s Knot Says

Risk emanating from cryptoassets could soon become a serious threat to the financial system, according to outgoing Financial Stability Board Chair Klaas Knot.

“At the FSB, we have long maintained that crypto does not yet pose a systemic risk, but recent developments suggest we may be approaching a tipping point,” he said in Madrid on Thursday.