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VASPs: Banks’ links to crypto and DeFi could pose a risk to EU financial stability, warns ECB in stark notice

By AML Intelligence Correspondents EUROPEAN banks’ links to crypto and DeFi could pose a threat to financial stability, the ECB warned today (Tuesday) The European Central Banks said it had undertaken “a deep dive into cryptoasset leverage and crypto lending” and found evidence this was becoming more risky, complex and interconnected with traditional institutions. Links…

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