By Alisha Houlihan for AMLi
The Swiss Financial Stability Board (FSB) has called for urgent action and for policymakers to act quickly in drafting rules covering the digital asset market, amid fears cryptocurrencies could “escalate rapidly”.
The FSB warned in their recent publication that the loss of confidence in other asset classes if big cryptocurrency crashes could have “disruptions in the real economy and spill-overs into the broader financial system”.
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