G20 Watchdog Announces 'Robust' Global Crypto Regulation Coming in October – Regulation Bitcoin News
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G20 Watchdog Announces 'Robust' Global Crypto Regulation Coming in October. Financial Stability Board (FSB) says it is working on a “robust” regulatory framework for crypto assets. The FSB will report its recommendations to the G20 finance ministers and central bank governors in October on regulatory and supervisory approaches to stablecoins and other crypto-assets. The U.S. Treasury Department submitted a crypto framework for international engagement to President Joe Biden as directed in the executive order issued back in March. The report noted that “Crypto-asset markets are fast evolving and could reach a point where they represent a threat to global financial stability due to their scale, structural vulnerabilities and increasing interconnectedness with the traditional financial system” Source