Cryptocurrency does not pose a risk to global financial stability reports the FSB

A report published by the Financial Stability Board (FSB) was recently released and, the international body that monitors and makes recommendations about the global financial system, has claimed that cryptocurrencies do not currently pose a risk to global financial stability.     The report also suggests that vigilant monitoring is needed due to the speed of market developments, while asserting that cryptocurrencies could have implications for financial stability in the future, should the use of crypto-assets continue to evolve.   Leading projects within the blockchain and cryptocurrency space, including: Orvium;…

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EU Finance Ministers in no rush to further regulate Crypto Market

European Finance Ministers confirmed that they will not rush to further regulate the crypto market in the EU. Having met in Vienna on Saturday, EU Finance Ministers revealed they plan to wait for the outcome of a thorough analysis by European authorities before deciding on next steps, and believe crypto assets don’t currently threaten the financial system — a revelation that comes ten years after the collapse of Lehman Brothers on 15th September 2008 and the unfolding of the global financial crisis.     Addressing how the EU has previously…

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