FSB reports that crypto-currencies don’t pose a material risk to global financial stability

The FSB’s report includes

  • an assessment of risks in crypto like low liquidity, use of leverage, volatility and operational risks.
  • crypto-assets lack the key attributes of sovereign currencies and do not serve as means of payment, a stable store of value or unit of account.
  • do not post a material risk to the current financial system.

Source : FSB report