Regulatory Outlook | 07.11.22
G20 Watchdog to Propose First Global Crypto Rules in October
The Financial Stability Board (FSB) said it would propose "robust" global rules for cryptocurrencies in October, following recent turmoil in markets that has highlighted the need to regulate the "speculative" sector. The FSB has so far limited itself to monitoring the crypto sector, saying it did not pose a systemic risk. But recent turmoil in crypto markets has highlighted their volatility, structural vulnerabilities and increasing links to the wider financial system, the FSB said.
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