Quick Breakdown FSB identifies data privacy as a key obstacle to global crypto oversight. Privacy laws restrict data sharing among regulators, report says. Watchdog urges stronger cooperation to address regulatory fragmentation. The Financial Stability Board (FSB), the G20’s risk watchdog, has identified data privacy as one of the biggest ...
The Financial Stability Board (FSB) is raising new concerns about the growing entanglement between the cryptocurrency sector and traditional finance, warning that the global financial system may be approaching a critical threshold. Speaking in Madrid on June 12, outgoing FSB Chair Klaas Knot cautioned that while crypto assets currently do ...
The G20's Financial Stability Board (FSB) have raised issues about the implications of artificial intelligence (AI) on the stability of the global financial sector. In its recent report, the Board highlighted AI's transformative potential and identified significant risks that could undermine financial system stability. It noted that though AI could ...
On Thursday, September 7, 2023, the Financial Stability Board (FSB) and the International Monetary Fund (IMF) jointly published a comprehensive paper outlining policy and regulatory frameworks for crypto assets. Alongside these frameworks, the two key players in the global financial sector presented a roadmap for the implementation of these policies. ...
India's Finance Minister, Nirmala Sitharaman, has revealed that the G20 nations are actively discussing the introduction of a unified framework for cryptocurrency regulations in their jurisdictions. Speaking at an event in Mumbai ahead of the upcoming G20 summit on September 5, 2023, Sitharaman stated that "active discussions are happening" on ...
The Financial Stability Board (FSB) of the G20 has recommended a global regulatory framework for crypto-asset activities. This framework is a response to the G20's request for an effective regulatory, supervisory, and oversight framework for cryptoassets like Bitcoin. In their recent publication on July 17, 2023, FSB noted that strong ...
