Source: https://news.bitcoin.com/eu-regulator-crypto-assets-pose-no-significant-risk-to-financial-stability/

The European Securities and Markets Authority (ESMA) has recently released a statement indicating that they perceive crypto assets as posing a minimal risk to financial stability. This conclusion is based on the relatively small size of the crypto asset market and its limited integration with traditional financial systems. According to ESMA, crypto assets represent only around 1% of global financial assets, which is why they are currently deemed to have no significant impact on financial stability.

ESMA's assessment provides a glimpse into the evolving regulatory landscape surrounding cryptocurrencies and their increasing presence in the financial world. While the crypto market has experienced significant growth in recent years, with a surge in both the number of cryptocurrencies available and the overall market capitalization, ESMA's stance underscores that the market is still a