Zetzsche, Dirk A.
Article History
Received: 1 November 2025
Accepted: 12 November 2025
First Online: 26 November 2025
Declarations
:
: The author is a member of the Task Force on Crypto-assets and Decentralised Finance (CATF) of the European Systemic Risk Board. The views laid out herein are purely the authors’ personal view and unrelated to the works of the ESRB.