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Crypto Assets Not Yet A Threat To Market Stability, ECB Says

Law360 (May 20, 2019, 6:54 PM EDT) -- While cryptocurrency and related assets in the European Union are highly volatile and require careful monitoring, they still make up just a small part of the market and do not currently pose a threat to its financial stability, according to a new report released by the European Central Bank.

The analysis, conducted by the ECB’s Crypto-Assets Task Force and published Friday, highlighted the need to raise awareness and be prepared for the potential of future risk exposure of the financial system to crypto assets, which it defined as highly speculative digital assets that have no financial claim on an identifiable entity...

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