DeFi May Pose 'Real Threat' to Financial Stability, Says ECB's Christine Lagarde

that cryptocurrency assets and decentralized finance may potentially pose a real risk to financial stability.

This could happen if cryptocurrencies start playing a bigger role in the broader economy, according to Lagarde.The ECB supports the quick adoption of the Markets in Crypto-Assets framework. The comprehensive regulatory framework is expected to take effect in 2024.Lagarde said that MiCA II, a new iteration of the regulatory regime, could potentially cover cryptocurrency staking and lending.

Cryptocurrency lending is currently facing severe scrutiny following the downfall of Celsius. As reported by U.Today, the troubled crypto lender halted withdrawals on June 13, and it is yet to resume them, asking customers for more time.

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Lagarde will struggle to do a Mario DraghiEuro zone bond markets have stabilised since the ECB president pledged to buy bonds. That raises the chance that investors cowed by her Italian predecessor’s promises won’t need her to intervene much. Just as well, given interest rates and political risks make it harder to do.
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A crypto lending app tried to take over a 'whale' account to stop it from collapsing the systemIt's an unprecedented move in world of DeFi, which aims to recreate lending and other financial services without the involvement of intermediaries like banks. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him ALEX_C_JENNINGS Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success The dream of getting rich from this cryptocurrency has devastated many people here. Except me reeeeeeeeeeeeeee
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