Cryptocurrency market update: Switzerland’s Basel Committee on Banking Supervision warned …

Cryptocurrency market update: Switzerland’s Basel Committee on Banking Supervision warned crypto posses’ risks to banks and global financial stability

A warning put out by Swiss financial body, Basic Committee on cryptocurrencies. The committee said potential risks are posted to banks; liquidity, credit and market risks, operational risk (including fraud and cyber risks), money laundering and terrorist financing risk, and legal and reputational risks .














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