TechFlow, April 9 — According to Cointelegraph, on April 8, Natasha Cazenave, Executive Director of the European Securities and Markets Authority (ESMA), told the Committee on Economic and Monetary Affairs that as the cryptocurrency industry grows and becomes more intertwined with traditional financial institutions, a sharp decline in crypto prices in the future could trigger ripple effects across the broader financial system. Although crypto assets currently represent only 1% of global financial assets and have not yet caused significant "spillover effects," their growth rate is rapid, especially in crypto-friendly markets such as the United States. The EU has implemented the Markets in Crypto-Assets Regulation (MiCA) to address risks, but Cazenave emphasized that "no crypto asset is absolutely safe" and additional regulations may be needed to reduce future risks. Currently, approximately 10%-20% of European investors hold crypto assets, while 95% of European banks have not yet entered this sector.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
