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G20 risk watchdog warns of 'significant gaps' in global crypto rules
There are "significant gaps" in countries' attempts to regulate fast-growing crypto markets, which could potentially harm financial stability, the G20's risk watchdog warned on Thursday. The Financial Stability Board (FSB), a body founded in the aftermath of the global financial crisis, made a series of recommendations on rules for crypto in 2023, to try to bring it in line with the mainstream financial sector. In Thursday's review, it said while some progress had been made, international implementation and coordination of rules remained too "fragmented, inconsistent, and insufficient to address the global nature ... (full story)
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