According to Deep Tide TechFlow news on June 15, as reported by Cryptonews, Klaas Knot, the soon-to-be former chairman of the Financial Stability Board (FSB), issued a warning in Madrid that the Crypto Assets market may be approaching a "tipping point" that poses systemic risks to the global financial system.
Knot indicates that stablecoin issuers hold a large amount of U.S. Treasury bonds, which connects to the broader financial system. The popularity of the crypto assets exchange-traded fund (ETF) and institutional acceptance of digital assets further lowers the entry barrier for retail investors and deepens the connection between crypto assets and traditional finance.
Knot emphasizes: "The crypto ecosystem will continue to evolve, and our regulatory framework must keep pace with the times."
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According to Deep Tide TechFlow news on June 15, as reported by Cryptonews, Klaas Knot, the soon-to-be former chairman of the Financial Stability Board (FSB), issued a warning in Madrid that the Crypto Assets market may be approaching a "tipping point" that poses systemic risks to the global financial system.
Knot indicates that stablecoin issuers hold a large amount of U.S. Treasury bonds, which connects to the broader financial system. The popularity of the crypto assets exchange-traded fund (ETF) and institutional acceptance of digital assets further lowers the entry barrier for retail investors and deepens the connection between crypto assets and traditional finance.
Knot emphasizes: "The crypto ecosystem will continue to evolve, and our regulatory framework must keep pace with the times."