By Ronan Barnard (April 20, 2022, 1:32 PM BST) — An international finance monitoring body has warned leading ministers and central bank governors of the potential risk posed by the growing illicit use of digital assets because of the Russian invasion of Ukraine — and its threat to global financial stability.
Klaas Knot, chairman of the Financial Stability Board, warned the finance ministers of the Group of 20 top economic powers on Wednesday that global financial stability cannot be taken for granted after Russia invaded its European neighbor.
“The Russia-Ukraine war has reinforced pre-existing concerns about the growth and potential illicit use of crypto-assets.” Knot, the current president of the Dutch central bank,…
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