25/04/2022 (Agence Europe) – European Central Bank (ECB) Executive Board member Fabio Panetta stressed the importance of “coordinated global efforts to bring crypto-assets into the regulatory arena” on Monday 25 April during a speech in New York at Columbia University. He argued that the size of the crypto-asset market was “now larger than the subprime mortgage market” - namely $1.3 trillion - when the crisis in that market segment triggered the 2008 global financial crisis. The ECB is pursuing its pilot project, regularly discussed among the Eurogroup (see EUROPE 12927/20), which could lead to the creation of a digital euro by 2026, in order to meet the demand for these innovative financial products. (MB)