Cryptocurrencies Could Threaten the Financial System, Federal Risk Committee Warns

WASHINGTON — Risks associated with cryptocurrencies could grow rapidly and eventually threaten the broader financial system, a panel of senior U.S. officials warned on Monday, calling for stricter supervision of digital assets.

The Financial Stability Oversight Council is chaired by the Minister of the Treasury Janet Yellensaid the crypto industry is still small compared to the overall financial system, but that can change quickly and exacerbating potential systemic risks.


News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button