Carney alla vigilia del G20: Cryptos non presentano rischi per la stabilità finanziaria

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Un gruppo internazionale di centrale regolatori bancari e ministri del governo ha detto Domenica che cryptocurrencies non rappresentano un rischio per la stabilità finanziaria globale, commenti che arrivano alla vigilia dei colloqui sul tema da parte del G-20.

In a letter published on March 18, Financial Stability Board chairman Mark Carney, who also leads the Bank of England, said that the organization doesn’t see the tech as a threatat least at this juncture.

Carney wrote:

The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time. This is in part because they are small relative to the financial system.

Even at their recent peak, their (cryptocurrencies) combined global market value was less than 1% of global GDP,” he continued. “In comparison, just prior to the global financial crisis (in 2008), the notional value of credit default swaps was 100% of global GDP.

Their small size, and the fact that they are not substitutes for currency and with very limited use for real economy and financial transactions, has meant the linkages to the rest of the financial system are limited.

While the note is mostly in line with Carney’s previous comments on the limited impact of cryptocurrencies on the global financial system, the letter offers a window into where the discussions around this area may head to at the G20 meeting this week. Come riportato in precedenza, government officials will meet Monday and Tuesday in part to talk cryptocurrencies, an agenda item that has been deemedimportantin a bid to reach acommon responseto regulation.

As acknowledged in Carney’s letter, a number of major countriesFrance, Japan and the U.S. among themhave called for a unified response to speculation around cryptocurrencies. Most recently, Japanese officials reportedly expressed interest in joint efforts around money laundering.

Indeed, some of those calling for action seem to share Carney’s assessment as well. Come riportato in precedenza, U.S.. Treasury Secretary Steve Mnuchinwho supports an international approach to regulationhas said in the past that he doesn’t view cryptocurrencies as a threat to financial stability.

Mark Carney immagine tramite Shutterstock

Il leader nell'informazione blockchain, CoinDesk è un mezzo di informazione che si sforza per i più alti standard giornalistici e si conforma un rigida serie di politiche editoriali. CoinDesk è una filiale operativa indipendente valuta Digital Group, che investe in cryptocurrencies e startup blockchain.

https://www.coindesk.com/financial-stability-board-downplays-crypto-impact-on-global-finance/

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