CMS have published a new Advising the Board report on ‘Cryptoasset Risks’ as part of their ‘Risk, Resilience and Reputation’ initiative. These reports look at the full range of commercial risk faced by boards and their company.
The cryptoasset market has grown significantly in recent years and is now a
buoyant financial market, with the global market currently valued at over $1 trillion, according to CoinMarketCap.
The market has seen both retail and institutional activity and now many companies are considering the application of cryptoassets to their businesses whether as payment methods, bridges between traditional finance and alternative finance, market infrastructure or investment in itself.
Whilst this presents various opportunities, it may also present challenges for boards in respect of navigating the market and the risks involved.
The CMS report considers:
- What are the key opportunities for companies considering cryptoassets?
- What are the key risks for companies investing in cryptoassets?
- What are the key risks for companies accepting cryptoassets as a payment method?
- What are the key risks for companies tracking the market?
To read the full report click on this link.