Ninjastic
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Re: G20Meeting: "Crypto-assets do not pose risks to global financial stability"
by
NilaMutac
on 20/03/2018, 08:58:02 UTC
Quote from: BeruchN on March 19, 2018, 01:34:12 PM
Source: https://uk.reuters.com/article/us-g20-regulations-carney/g20-watchdog-focuses-on-rules-review-holds-fire-on-cryptocurrencies-idUKKBN1GU0SF

Do you think the market is responding to this? ETH and BTC both went up recently, even though the article reads more like FUD.

"For now, crypto-assets don’t pose risks to financial stability, partly because they are still small relative to the financial system. Even at their recent peak, their combined global market value was less than 1 percent of global economic output, the FSB said.
"

Thoughts?
Of course it isnt a risk yet,the total marketcap of cryptocurrency is still less than 1% of the total marketcap of fiat,that is why it doesnt post a threat to any of the banks in the world,maybe in the future but not now as cryptocurrencies are still in its infancy period as it grows banks will see how the cryptocurrencies will be a big threat to them.