10.11.18
Global Regulators Say Crypto Currencies Need Vigilant Monitoring
by: Huw Jones
Crypto assets do not pose a threat to financial stability but monitoring is needed along with possible action to protect consumers, the Financial Stability Board said. While price increases in crypto assets have been larger than comparable historical asset bubbles, market capitalization remains small compared with other financial markets, according to the group. The FSB said that “Illiquidity, concentrated ownership, fragmented market structure, and other issues" make crypto-assets potentially susceptible to price manipulation. "Crypto-assets also raise several broader policy issues, such as the need for consumer and investor protection,” the FSB added.
Read the full article on Reuters