Crypto assets market ‘poses threat to global financial stability’

International watchdog highlights stablecoins as particular concern in absence of regulationThe booming crypto assets market could pose a serious threat to financial stability if regulators fail to take action, a global watchdog has said.The Financial Stability Board (FSB), which monitors financial authorities in 24 countries, is concerned that the scale and structural vulnerabilities of crypto markets – as well as increasing interconnectedness with traditional financial systems – ha