The outgoing Chairman of the Financial Stability Board (FSB), Klaas Knot, has issued a warning that the cryptocurrency market may be approaching a "tipping point" that could pose systemic risks to the global financial system. He pointed out that stablecoin issuers already hold a large amount of US Treasury bonds and are increasingly closely linked to traditional finance, especially with cryptocurrency ETFs significantly lowering the entry threshold for retail investors. Regulatory upgrades are urgently needed: "The cryptocurrency ecosystem is evolving, and regulatory frameworks must also be adjusted accordingly https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44029