FSB to lay out global standards for crypto regulation: Reports By Cointelegraph
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The FTX collapse spurred action from a global financial watchdog to give recommendations to regulate the crypto industry early in 2023.
The Financial Stability Board (FSB), an international organization that monitors the global financial system, has reportedly stated that it will be laying out steps to regulate crypto next year. According to Dietrich Domanski, the outgoing secretary-general of the FSB, mentioned that recent events have highlighted that it’s “urgent to address risks” within the space. He explained:
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The FTX collapse spurred action from a global financial watchdog to give recommendations to regulate the crypto industry early in 2023.
The Financial Stability Board (FSB), an international organization that monitors the global financial system, has reportedly stated that it will be laying out steps to regulate crypto next year. According to Dietrich Domanski, the outgoing secretary-general of the FSB, mentioned that recent events have highlighted that it’s “urgent to address risks” within the space. He explained:
Continue Reading on Coin Telegraph
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