“Gaps and Inconsistencies” in Crypto Framework Pose Risks: FSB

The Financial Stability Board’s (FSB) says that “significant gaps and inconsistencies” exist in the implementation of its global regulatory framework for cryptoassets, that could pose risks to both financial stability and the development of a resilient digital asset ecosystem.

The FSB’s Thematic Peer Review on the FSB Global Regulatory Framework for Crypto-Asset Activities, says while jurisdictions have made “notable advancements” toward implementing the recommendations on crypto-asset markets and activities, few have finalised their…

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