MADRID, 1 Dic. (EUROPA PRESS) –
The substantial correction in the value of crypto assets and the wave of bankruptcies of trading platforms and exchanges in the sector, such as the recent declarations of bankruptcy by FTX or BlockFi, have not significantly affected banks in the area. euro, as indicated by the European Central Bank (ECB).
In his appearance before the European Parliament, the president of the ECB Supervisory Board, the Italian Andrea Enria, stressed that the level of interconnection between banks and crypto asset providers “remains low.”
In this way, the banks “have not been negatively affected” by the significant correction in the valuations of crypto assets or by the defaults of the main players in the crypto asset sector.
However, the Italian has warned that the crypto-asset market may pose considerable challenges for European regulators and supervisors in the coming years, as evidenced by the recent bankruptcies of exchanges and stablecoin providers.
“We will have to remain vigilant to ensure that the regulatory framework is adequate to address current and emerging risks and challenges,” he stressed.
