Speaking in Madrid, NOT said that until recently, cryptocurrencies did not pose a serious danger. However, as they are closely integrated into the financial sector, which is accelerated by stablecoins and cryptocurrency exchange funds (ETFs), risks increase. Now the issuers of stablecoins have large volumes of US treasury bonds, enhancing the relationship between cryptor and traditional finances – therefore, the cryptot is to be closely monitored, the head of the FSB added.
The input barriers to crypto for retail investors have decreased significantly, which was facilitated by cryptocurrency ETF. These financial products allow investors to access digital assets without the need to use cryptocurrency wallets and manage closed keys, explained notes.
The statement of the head of the FSB was heard the day after the US Senate voted for the Genius bill, which regulates the issue and appeal of stablecoins. However, the document should still be approved by the House of Representatives of Congress and receive the signature of the US President.
NOT is the president of the Central Bank of the Netherlands. On June 30, he is going to leave both positions. The post of chairman of the FSB should be occupied by the head of the Bank of England, Andrew Bailey), while the Dutch Central Bank has not yet appointed a person who will replace the note.
Klaas notes has high hopes for digital euros. Last year, a high -ranking state bankrupt said that digital euro would not supplant private innovations, but will help the European Union gain independence from other payment systems.
Source: Bits
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