Summary
- The European Securities and Markets Authority (ESMA) reported that the U.S. virtual asset open policy could deepen the risks in traditional financial markets.
- ESMA stated that the U.S. actions will accelerate institutional investors' adoption of virtual assets, strengthening the interaction between traditional financial markets and the virtual asset economy.
- It emphasized that the negative ripple effects between virtual assets and traditional financial markets will intensify if the related risks are not mitigated.
According to the cryptocurrency-focused media outlet CoinDesk on the 1st (local time), the European Securities and Markets Authority (ESMA) pointed out that the U.S. open policy on virtual assets could deepen the risks in traditional financial markets.
An ESMA spokesperson stated in an interview, "The adoption of virtual assets by institutional investors is accelerating due to U.S. actions, which will strengthen the interaction between traditional financial markets and the virtual asset economy," emphasizing that "if the related risks are not prevented, the negative ripple effects between virtual assets and traditional financial markets will intensify."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
