October 10, 2018 / 11:43 AM / 7 months ago

Global regulators say crypto currencies need vigilant monitoring

LONDON, Oct 10 (Reuters) - Crypto assets do not pose a threat to financial stability but “vigilant” monitoring is needed along with possible action to protect consumers, the global Financial Stability Board said on Wednesday.

“Based on the available information, crypto-assets do not pose a material risk to global financial stability at this time. However, vigilant monitoring is needed in light of the speed of market developments,” the FSB said in a statement.

Reporting by Huw Jones Editing by Andrew Heavens

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