Coinspeaker
EU Regulator Proposes to Curb Leverage in Crypto Trading Activities
On Thursday, May 25, an EU watchdog – the European Systemic Risk Board – recommended that European authorities should curb leveraged bets on digital assets by introducing limits for investment funds and exchanges. Over the last few years, with the growing number of market participants, crypto trading is getting quite popular among retail investors. As a result of this, leveraged bets have been in high demand. The EU watchdog wants to prevent shocks in the crypto industry caused by leverage bets and prevent further jeopardy to financial stability.
The European Systemic Risk Board (ESRB) has made a few recommendations demanding regular reports from companies involved with the crypto sector along with introducing specific rules for some of the largest players in the space. In its report accessed by Reuters, the ESRB noted:
“Systemic risks could arise quickly and suddenly. If the rapid growth trends obser
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