FSB bats for an effective G20 regulatory framework to oversee cryptocurrency activities

Popular

FSB bats for an effective G20 regulatory framework to oversee cryptocurrency activities

The G20-backed Financial Stability Board (FSB) released its proposed framework for international regulation of crypto asset activities.

The body has requested feedback on the draught framework from the general public and stakeholders. The proposal will be open for public comment until December 15, 2022. The draft framework makes nine key recommendations to G20 economies, including the implementation of an effective regulatory framework to oversee cryptocurrency activities. The FSB stated that crypto players should be subject to the same set of regulations as intermediaries (essentially fintech players and banks) in economies where they both perform the same economic function, citing the principle of’same activity, same risk, same regulation.’

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

Popular

More Like this

The G20-backed Financial Stability Board (FSB) released its proposed framework for international regulation of crypto asset activities.

The body has requested feedback on the draught framework from the general public and stakeholders. The proposal will be open for public comment until December 15, 2022. The draft framework makes nine key recommendations to G20 economies, including the implementation of an effective regulatory framework to oversee cryptocurrency activities. The FSB stated that crypto players should be subject to the same set of regulations as intermediaries (essentially fintech players and banks) in economies where they both perform the same economic function, citing the principle of’same activity, same risk, same regulation.’

Disclaimer

At StartupNews.fyi we strive to uphold the highest ethical standards in all of our reporting and coverage. We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

More like this

Nvidia partners with Quantum Machines to combine classical and quantum machines

In a move to push the boundaries of computing...

Checkout.com launches virtual and physical card issuing

Leading global payment solutions provider Checkout.com announced the launch...

Upcoming Events

Startup Information that matters. Get in your inbox Daily!

spot_img
spot_img
Copy link
Powered by Social Snap