G20 Summit Update

Financial Stability Board Resisting Regulation

Posted on 19/03/2018

Financial Stability Board Resisting Regulation

The Financial Stability Board (FSB) which is responsible for the coordination of financial regulation for the G20 economies, is currently resisting calls to introduce any formal regulation of crypto currencies. The FSB believes more coordinated international dialogue will be needed before any regulation is considered. 

In a letter to G20 central bankers and finance ministers, FSB Chair, Mike Carney stated

FSB's initial assessment is that cypto-assets do not pose a risk to global financial stability at this time.

You can read more about the FSB and its view on crypto currencies in Huw Jones article here

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