European Securities and Markets Authority: DeFi is still too small to pose a significant risk to overall financial stability

Odaily Planet Daily News The European Securities and Markets Authority (ESMA) released a research report stating that “Currently, crypto asset markets, including DeFi, do not pose significant risks to financial stability, mainly due to their relatively small size. Small, limited contagion channels between crypto and traditional financial markets.” ESMA also looked into several major events in 2022, including the collapse of the Terra ecosystem and FTX, noting that this crypto “Lehman moment “still has not had a significant impact on traditional markets.” (Cointelegraph)