On July 12, crypto venture advisor at Presight Capital, Patrick Hansen, broke down the report , which focused primarily on what the ECB considers financial risks.
It acknowledged that the digital asset markets were evolving rapidly, claiming that if current trends continue, “crypto-assets will pose risks to financial stability,” therefore need to be “effectively regulated and supervised.”
The three areas of concern for the central bankers were the climate risk of crypto, decentralized finance, and stablecoins.
The ECB has published 3 new research articles on
• Climate risk of crypto
They give a good overview of how the ECB thinks about these issues and contain some remarkable quotes and graphs. A few examples License.