Letting crypto burn is an 'attractive option,' Dutch central banker says

Crypto will be classified as high risk in the coming years, but it’s here to stay, said the Dutch central bank who chairs the Financial Stability Boards’ crypto working group.

Highlights

• Steven Maijoor is chair of the Financial Stability Boards’ crypto working group.
• He said regulators need to set a path for supervising the sector.
• Traditional finance players as well as consumers are interested in getting involved in the sector, he said.
• Despite jurisdictions taking measures to regulate the sector around the world, crypto will remain a high risk for the next few years, he added.
• The FSB’s recommendations on global crypto regulation standards will be published in the summer, following the call for industry and expert input on policy recommendations from October, he noted.
• The policy recommendations stem from a principle of “same risk, same regulation,” he said.

---

Read the original article