Crypto
Crypto assets could threaten financial stability, CBI warns
Bank says so-called ‘cryptocurrencies’ such as bitcoin must be regulated to protect consumers, the environment and economies
The financial stability of economies could be threatened by “fast-evolving” crypto assets, the regulation of which has now become a priority for the Central Bank of Ireland (CBI), the regulator has told politicians.
At a recent briefing of members of the Oireachtas Finance Committee, the Central Bank said the global crypto market was estimated to be worth $1.9 trillion, but added that it had “not yet given rise to financial stability issues” given its relatively ...