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Financial stability risks could soon to why so much money potentially destabilizing capital flows.
The FSA has warned consumers of the risky, volatile and speculative nature of the investments. The challenges include operational and financial integrity risks from crypto-asset exchanges and wallets, investor protection, and inadequate reserves and inaccurate disclosure for some stablecoins. The Uruguayan Chamber of FinTech [57] has, however, announced the formation of a cryptocurrency committee to analyze what future regulations might look like.
