Crypto-assets: a financial authority’s view

Abstract

Crypto-assets are a complex reality beaming with opportunities. But they also pose highly significant risks that are hard to understand and measure, even for the most experienced agents. Users would be advised to learn about them in detail before considering them as a plausible investment alternative and to take on board the possibility of losing their investment.As financial authorities we are working on an ambitious regulatory agenda that we hope will help us get a better grasp and control of many of these problems. Cooperation with international and inter-institutional players is a prerequisite that will further ensure to avoid that fragmentation and arbitration are avoided to the greatest extent possible.