The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) on Wednesday 9 January called on the European Commission to carry out an in-depth assessment of the opportunities and risks associated with crypto assets and to consider, if necessary, a legislative initiative.
In a new report, the EBA reiterates the conclusions of the Financial Stability Board that crypto-actives do not currently pose a risk to global financial stability (see EUROPE 12068).