Regulation

Watchdog urges cross-border cooperation in new standards for global crypto regulation

Recommendations push for minimum guidelines to be implemented consistently across the globe

The FSB was tasked by the G20 to develop a regulatory framework that could be used universally
The FSB was tasked by the G20 to develop a regulatory framework that could be used universally Photo: Getty Images

The Financial Stability Board has published a set of high-level standards, calling for regulators to foster cross-border cooperation and information sharing when overseeing digital assets.

The report, which comes in two parts, sets out how financial watchdogs should regulate both digital currencies and stablecoins, setting minimum standards to follow.

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