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Crypto Conglomerates, DeFi Targets of EU Financial Stability Watchdog Concerns

With the new Shops in Crypto Assets regulation (MiCA) set to take effect within the bloc in 2024, the European Systemic Risk Directors (ESRB), chaired by EU central bank chief Christine Lagarde, warned in a Thursday report of the risks of crypto bestowing and staking, and of high leverage in digital asset markets.

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