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According to industry news, Klaas Knot, the outgoing chairman of the Financial Stability Board, expressed concerns in a speech in Madrid on June 15 about the cryptocurrency market potentially nearing a critical point that could pose systemic risks to the global financial system.
Knot specifically pointed out in his speech that the large amount of U.S. Treasury bonds held by stablecoin issuers has established a significant connection with the broader financial system. At the same time, the increasing popularity of Crypto Assets ETFs and the gradual acceptance of digital assets by institutional
View OriginalKnot specifically pointed out in his speech that the large amount of U.S. Treasury bonds held by stablecoin issuers has established a significant connection with the broader financial system. At the same time, the increasing popularity of Crypto Assets ETFs and the gradual acceptance of digital assets by institutional