Jul 19, 2018 at 12:00
News
Crypto Not A Major Threat, Says Financial Stability Board
Cryptocurrencies such as bitcoin, ethereum, litecoin, don't at present set an economic menace to world stability but need "watchful monitoring" as the whole market is quickly changing, according to an international forum on financial regulation. The Financial Stability Board (FSB), based in Basel, Switzerland, said that the extremely fickle currencies bring up much interest about investor and consumer protection and that the data on financial institutions' exposure to crypto remains rare.