FRANKFURT : Crypto assets are here to stay so their regulation is urgently needed to protect investors and the stability of the global financial landscape, European Central Bank board member Fabio Panetta said on Wednesday.
"This is not just a bubble that is bursting. It is like froth: multiple bubbles are bursting one after another," Panetta said in a speech in London."Investors' fear of missing out seems to have morphed into a fear of not getting out." Graphic: Market capitalisation of crypto assets https://fingfx.thomsonreuters.com/gfx/mkt/byvrljzkave/Pasted%20image%201670422836032.png
"But these flaws alone are unlikely to spell the end of cryptos," Panetta said."Gambling is perhaps the second oldest profession in the world."
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