Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures

Bericht

This paper summarises the outcomes of the analysis of the ECB Crypto-Assets Task Force. First, it proposes a characterisation of crypto-assets in the absence of a common definition and as a basis for the consistent analysis of this phenomenon. Second, it analyses recent developments in the crypto-assets market and unfolding links with financial markets and the economy. Finally, it assesses the potential impact of crypto-assets on monetary policy, payments and market infrastructures, and financial stability. The analysis shows that, in the current market, crypto-assets' risks or potential implications are limited and/or manageable on the basis of the existing regulatory and oversight frameworks. However, this assessment is subject to change and should not prevent the ECB from continuing to monitor crypto-assets, raise awareness and develop preparedness.

Angaben zum Objekt

• ISBN: 978-92-899-3688-0
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ECB Occasional Paper ; No. 223

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors ; Technological Change: Choices and Consequences; Diffusion Processes
• Thema: crypto-assets ; characterisation ; monitoring ; crypto-assets risks

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Manaa, Mehdi ; Chimienti, Maria Teresa ; Adachi, Mitsutoshi M. ; Athanassiou, Phoebus L. ; Balteanu, Irina ; Calza, Alessandro ; Devaney, Conall ; Diaz Fernandez, Ester ; Eser, Fabian ; Ganoulis, Ioannis ; Laot, Maxime ; Philipp, Günther ; Poignet, Raphael ; Sauer, Stephan ; Schneeberger, Doris ; Stracca, Livio ; Tapking, Jens ; Toolin, Colm ; Tyler, Carolyn ; Wacket, Helmut
• Ereignis: Veröffentlichung
• (wer): European Central Bank (ECB)
• (wo): Frankfurt a. M.
• (wann): 2019

Weitere Informationen

• DOI: doi:10.2866/162
• Handle: http://hdl.handle.net/10419/207609
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ