G20 Crypto Rules Due In October 2022
Given the current volatility in the cryptocurrency market and its growing interconnection with the traditional financial system , the FSB appears to be increasingly worried about the cryptocurrency market . In October, the Financial Stability Board (FSB), a global financial regulator that is comprised of all G20 nations, will prepare to propose international legislation for cryptocurrencies and stablecoins. An important step toward crypto regulation was taken today when the Financial Stability Board (FSB) published a statement on the international regulation and supervision of activities involving crypto-assets. Buy the Dip Now Your capital is at risk. The watchdog intends to present a report on regulatory and supervisory methods for stablecoins and other crypto assets to the G20 finance minister and central bank governors in October 2022. The Financial Stability Board intends to have a public consultation report on the evaluation of recommendations ready by that time. Th...