While the financial system remains safe from crypto right now, growing interconnectedness combined with a run on a major stablecoin could cause that to change, says the EU.
The European Systemic Risk Board has recommended increased disclosures and monitoring as measures to combat the risks associated with the cryptocurrency market.
America’s largest crypto exchange Coinbase has partnered with Bitpanda as it continues its overseas expansion.
The European Union (EU) has recently approved a comprehensive regulatory framework for crypto assets, making waves in digital finance. Known as the Markets in Crypto-Assets (MiCA), this directive establishes clear rules for handling cryptocurrency with…