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Europe’s Systemic Risk Board Raises Alarm Over Crypto and DeFi

Europe’s Systemic Risk Board Raises Alarm Over Crypto and DeFi

The European Systemic Risk Board (ESRB) said Thursday despite a volatile year for crypto, its effect on traditional financial systems has been minimal. Even so, the board still cautioned for further oversight. This marks a slight shift in urgency, where the European Central Bank (ECB) has previously called for immediate regulations to curb systemic risks posed by crypto.








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