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    Diksha D Jadhav in Crypto News

    13-Dec-2022 12:34 PM


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    FSB to lay out global standards for crypto regulation: Reports

    The Financial Stability Board (FSB), a global financial watchdog, is reportedly planning to develop global standards for the regulation of cryptocurrencies. According to reports, the FSB is working with G20 countries to create a set of guidelines for the regulation of digital assets. The FSB has identified the need for a global regulatory framework in order to address the risks associated with cryptocurrencies and to ensure the safety and soundness of the financial system. The proposed rules would apply to a wide range of activities, including trading and custody services, as well as initial coin offerings. The FSB is expected to present its recommendations to the G20 countries in July 2021. The adoption of the proposed regulations would have a major impact on the crypto industry and could lead to greater adoption of digital assets as a legitimate form of payment.
    Source: Cointelegraph