Implikacije po finansijsku stabilnost sa tržišta kripto-aktive
Financial Stability Implications from the Crypto-Asset Market
Author(s): Vesna MartinSubject(s): Economy
Published by: Udruženje banaka Srbije p.u.
Keywords: crypto-assets; financial stability; digitization, regulation;
Summary/Abstract: A component of digital finance that has been developed with an aim to decrease the usage of cash payments and improve financial inclusion is the crypto-asset. Concerns have been raised about the preservation of financial stability, which stands in for one of the primary objectives of central banks - along with price stability - as a result of the significant growth of the market capitalization of cryptoassets, as well as the rise in the variety of crypto-assets instruments and the volatility of their prices. Operating outside of national borders, crypto-asset trading platforms could lead to a concentration of risk and a lack of business transparency. The market for crypto-assets is growing more quickly, which highlights the need for strict regulation of that sector of the market, data collection to effectively monitor transactions, as well as providing protection for consumers and investors. The safety of all partipicants, the efficient operation of the financial system, and the maintenance of financial stability should all be guaranteed by the regulation of the crypto-asset market.
Journal: Bankarstvo
- Issue Year: 52/2023
- Issue No: 2/3
- Page Range: 65-96
- Page Count: 31
- Language: English, Serbian