ערנסט 'שנעל עוואָלווינג' גלאבאלע קריפּטאָ 'סאַקאָנע' ווארענונג נאָך ריזיק ביטקאָין און עטהערעום פּרייַז סווינגס

ביטקאָין
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, ethereum and other “fast evolving” cryptocurrencies could soon become a threat to global financial stability, according to the chair of an international body tasked with shoring up the financial system.

אַבאָנירן איצט צו פאָרבעס קריפּטאָ אַססעט & בלאָקטשיין אַדווייזער און הצלחה נאַוויגירן די קריפּטאָ פּרייַז וואַל קאָוסטער

The bitcoin price has ballooned over the last two years, surging from around $10,000 per bitcoin to almost $70,000 late last year. Ethereum, the second-largest cryptocurrency has, likewise rocketed higher—boosted by the surging popularity of so-called decentralized finance (DeFi), a blockchain-based alternative financial system.

The price of both bitcoin and ethereum have since crashed back, losing around 40%, and dragging down the wider crypto market that’s lost more than $1 trillion in value in less than six months as investors balk at the prospect of rapidly raising interest rates and an end to pandemic-era stimulus measures.

ווילן צו בלייבן פאָרויס פון די מאַרק און פֿאַרשטיין די לעצטע קריפּטאָ נייַעס? צייכן אַרויף איצט פֿאַר די פּאָטער קריפּטאָקאָדעקס-א טעגלעך נוזלעטער פֿאַר קריפּטאָ ינוועסטערז און די קריפּטאָ טשיקאַווע

“Crypto-asset markets are fast evolving and could reach a point where they represent a threat to global financial stability due to their scale, structural vulnerabilities and increasing interconnectedness with the traditional financial system,” Klaas Knot, a Dutch central banker and the chair of the Financial Stability Board, wrote in an open בריוו this week, warning the finance ministers of the Group of 20 top economic powers that global financial stability cannot be taken for granted.

Knot, who in February called for “urgent” action to rein in the red-hot crypto market, pointed to Russia’s invasion of Ukraine as exacerbating the threat from bitcoin, ethereum and other cryptocurrencies.

“The Russia-Ukraine war has reinforced pre-existing concerns about the growth and potential illicit use of crypto-assets,” Knot wrote, adding “There is no room for complacency.”

צייכן אַרויף איצט פֿאַר קריפּטאָקאָדעקס-א פריי, טעגלעך נוזלעטער פֿאַר קריפּטאָ-טשיקאַווע

מער פֿון פאָרבעסמאַסיוו 2022 'אַלע צייט הויך' ביטקאָין פּרייס פאָרויסזאָגן קומט מיט אַ ערנסט עטהערעום, בנב, קסרפּ, סאָלאַנאַ, קאַרדאַנאָ, לונאַ און לאַווינע ווארענונג

This week, U.S. officials targeted a Russian bitcoin mining company in its latest round of sanctions due to fears Russia could “monetize its natural resources” for power-intensive crypto mining in order to evade sanctions.

Earlier this month, bitcoin, etheruem and crypto concerns prompted the European Parliament to set out draft regulations for digital assets, designed to allow regulators to monitor potential money laundering and terrorist financing and following a Biden admistration executive order in the U.S. directing various federal departments and agencies to collaborate on crypto regulation.

Source: https://www.forbes.com/sites/billybambrough/2022/04/23/fast-evolving-global-crypto-threat-warning-after-huge-bitcoin-and-ethereum-price-surge/