The European Central Bank published an Occasional Paper compiling selected abstracts from analytical work on crypto-asset monitoring presented at the Crypto-Asset Monitoring Expert Group (CAMEG) 2025 Conference, alongside a brief overview of CAMEG’s 2025 activities and planned areas of work. The paper notes that risks from crypto-assets and related implications for central banking, banking supervision and financial-market oversight are currently limited and/or manageable under existing regulatory and oversight frameworks, while emphasising the need for continued monitoring, awareness of potential risks and analytical preparedness. CAMEG brings together experts from the European System of Central Banks (ESCB) and the European Banking Authority (EBA), and the abstracts span themes including stablecoins and regulatory developments (including Markets in Crypto-Assets Regulation (MiCAR) reporting and initiatives to close data gaps), the relationship between stablecoins and central bank digital currencies, methods to monitor de-pegging risk, survey-based evidence on crypto-asset ownership and use, Single Supervisory Mechanism (SSM) significant institutions’ distributed ledger technology (DLT) activities, tokenisation and custody market developments, and issues around decentralised identity and privacy-enhancing mechanisms. For 2026, the paper indicates that CAMEG expects to deepen empirical and data-focused work, including quantifying interlinkages between crypto-assets and the traditional financial system and developing common datasets and dashboards for collaborative analysis, with ongoing projects such as retail surveys and early warning indicators continuing. The next CAMEG conference is planned for the end of October 2026.

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