Global regulators have published a framework for monitoring risks from crypto-assets like Bitcoin and Ether, even though they don’t pose a major risk to financial stability for now.
According to the Financial Stability Board (FSB), which coordinates financial regulation for the Group of 20 Economies (G20), the framework focuses on how risks from crypto-asset markets could spread to other parts of the financial system.
FSB said in a statement on Monday:
“Monitoring the size and growth of crypto-asset markets is critical to understanding the potential size of wealth effects, should valuations fall”.
