Regulating crypto-assets  The first is to regulate crypto-assets and ensure that they do not benefit from preferential treatment compared with other assets. [28] The recent failures of crypto entities do not seem to have had a material impact on the financial sector. But they have highlighted the immense potential for economic and social damage if we leave cryptos unchecked.
Moreover, there is a growing consensus of opinion that macro-prudential policies should be put in place to enhance the soundness of financial institutions’ behavior and ease the procyclicality of foreign capital flows.