The European Systemic Risk Board (ESRBofficial) said it considers it a 'matter of urgency” to look at policies to address the potential threat that crypto assets could pose to the financial system. By camomileshumba
on the EU financial system, as well as consider potential legal actions and regularly monitor the digital asset sector.
The EU is not the only one looking into how to mitigate against risks posed by crypto assets. The U.K.’s Treasury published a consultation paper in May in which it said it planned to legislate that the Bank of England, its central bank, would have the power to supervise stablecoins that couldThe ESRB said it planned to make proposals on how to ensure a European and global regulatory standard was developed to better safeguard against crypto assets that could one day be classified as systemic.
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