Tag: FSB
BRICS Will Create Payment System Based on Digital Currencies and Blockchain: Report
“We believe that creating an independent BRICS payment system is an important goal for the future, which would be based on state-of-the-art tools such [...]
Crypto Tokenization, AI Are Monitoring Priorities, Financial Stability Board Says
Monday's letter comes ahead of a G20 meeting to be held in Sao Paulo on Wednesday and Thursday. It also outlines the group's plan to publish a status [...]
FTX failure reveals flaws in multifunction crypto-asset intermediaries — FSB
The Financial Stability Board (FSB) — the global body that monitors the financial services industry — released a report on Nov. 28 claiming the crypto [...]
Failure of Multi-Function Crypto Firms a Limited Threat to ‘Real Economy’: FSB
The FSB, which monitors financial systems and proposes rules to help prevent financial crises, said it was assessing the financial stability implicati [...]
IMF, FSB release joint policy recommendations for crypto assets
The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published a joint paper containing policy recommendations at the re [...]
IMF, FSB Publish Crypto Policy Roadmap, Warn Against Blanket Bans
The policy paper, commissioned by the intergovernmental forum G20 under India’s leadership, combines norms set by the Financial Stability Board (FSB), [...]
FSB, IMF to Deliver Roadmap for Global Crypto Policy at G20 Summit
The FSB, a global standards setter, and the United Nations economic agency IMF are presenting the paper at this weekend’s G20 Summit. The paper includ [...]
G20 Nations, IMF, FSB Set to Crystalize Global Cryptocurrency and Stablecoin Rules Ahead of Leaders’ Summit As India Wraps Up Presidency
At the same meeting, key U.S. Treasury official Jay Shambaugh said drafting global crypto rules wouldn't normalize the sector's disasters, much like h [...]
FSB finalizes its recommendations for a global crypto framework
The Financial Stability Board (FSB) — an international organization that monitors the global financial system — has come up with a global regulatory f [...]
FSB, IMF and BIS papers to set global crypto framework, says G20
The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will deliver papers and r [...]
Global Crypto Rules to be Based on Coming FSB & IMF Synthesis Paper, India Announces After G20 Meetings
India's Central Bank Governor Shaktikanta Das said that there was a marked shift in perception around crypto assets by G20 nations in the past year wh [...]
Many stablecoins fall short of coming regulatory recommendations, says FSB chair
Financial Stability Board (FSB) chair Klaas Knot has outlined how the organization plans to address key threats to financial stability this year in a [...]
Existing Stablecoins Won’t Meet Forthcoming Global Standards: FSB
The Financial Stability Board's recommendations for regulating crypto and stablecoins are set to be released in July 2023.
www.coindesk.com [...]
Global Standard Setters Will Team Up to Tackle DeFi Regulation: FSB
Decentralized finance “does not differ substantially” from traditional finance in its functions or vulnerabilities, according to the Financial Stabili [...]
FSB to lay out global standards for crypto regulation: Reports
The FTX collapse spurred action from a global financial watchdog to give recommendations to regulate the crypto industry early in 2023. The Financial [...]