Nevertheless, the speed of developments in the crypto eco-system, including the recent market turmoil, has given us all the more reason to develop an appropriate and globally consistent regulatory framework. Catching up with the rapidly changing environment is therefore our highest priority. A catch-up that strengthens the stability of the financial system.
A catch-up that strongly underpins the public's trust in a system that has developed and evolved over many centuries. The Bank of Amsterdam offers an inspiring example of how financial innovations can advance an economy – and of how things can turn out badly.