![Banks say that crypto has “heightened financial risks” in developing nations.](https://web3cryptocurrencynews.com/wp-content/uploads/2024/06/Banks-say-that-crypto-has-heightened-financial-risks-in-developing-nations-600x400.jpg)
Banks say that crypto has “heightened financial risks” in developing nations.
Amplified Financial Risks of Cryptocurrencies in Emerging Markets Cryptocurrency assets have increased financial risks in less developed economies, leading powerful central banks to urge regulators to treat them like other assets. The Bank for International Settlements emphasized that novel payment solutions shouldn’t be deemed dangerous solely due to their differences. Despite being touted as a…