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ECB’s Panetta Warns of Risks of Unbacked Crypto-Assets

ECB’s Panetta Warns of Risks of Unbacked Crypto-Assets

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Fabio Panetta on Tuesday highlighted the risks associated with unbacked crypto-assets but said that stablecoins suffered from too many flaws to offer a solution to payment system deficiencies.

6 May 2025