.ecb warns in a new report that crypto risks could spill over into the wider economy as traditional financial institutions become more involved in digital assets. camomileshumba reports.
, which put into question the stability of algorithmic stablecoins like UST, which are not backed by a fiat currency.
"Given the speed of crypto developments and the increasing risks, it is important to bring crypto-assets into the regulatory perimeter and under supervision as a matter of urgency," the ECB said.Markets in Crypto Assets packageEuropean Central Bank officials have highlighted the risks of crypto before. The bank's President Christine Lagarde said recently that crypto had been a
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