<ul><li>ESMA warns of potential financial instability due to the growing ties between the crypto sector and traditional financial markets.</li><li>ESMA executive director acknowledges the possibility of broader financial instability if the crypto sector experiences turbulence, even in smaller markets.</li><li>ESMA reassures that the risks to the EU's financial stability from the crypto sector are currently manageable, but ongoing monitoring is necessary.</li><li>ESMA raises concerns over potential risks posed by stablecoins and their impact on the broader market if a run on these assets were to occur.</li></ul>

ESMA Warns of Crypto Risks to Financial Stability Amid Growing Ties to Traditional Markets

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