The Financial Stability Board (FSB) has outlined the risks to the financial system posed by crypto-assets, warning "vigilant monitoring" is required to protect from future threats to global financial stability.
Crypto-assets such as Bitcoin have faced increasing pressure from regulators and public bodies in 2018, with the Bank of England and the Treasury both calling for regulation of the growing market, and the Financial Conduct Authority set to publish a review before the end of the year. BoE eyes crypto regulation Total market capitalisation of crypto-assets was approximately $830bn as of 8 January, according to the FSB, before a sharp subsequent decline in the following months. Current market capitalisation as of 11 October stands at roughly $201.7bn according to crypto-asset site coinch...
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