'The FSB is working to ensure that crypto assets are subject to robust regulation and supervision.' cryptocurrency bitcoin $BTC
The Financial Stability Board says it is working on a “robust” regulatory framework for crypto assets and will report its recommendations to the G20 finance ministers and central bank governors in October.
An effective regulatory framework must ensure that crypto-asset activities posing risks similar to traditional financial activities are subject to the same regulatory outcomes, while taking account of novel features of crypto-assets and harnessing potential benefits of the technology behind them. Furthermore, crypto service providers “must at all times ensure compliance with existing legal obligations in the jurisdictions in which they operate,” the financial stability watchdog detailed.The FSB is working to ensure that crypto-assets are subject to robust regulation and supervision.
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