Separation of funds for crypto platforms, cross-border cooperation for regulators and obligatory licenses for stablecoins — that's what the FSB would recommend to the G-20.
The Financial Stability Board — an international organization that monitors the global financial system — has come up with a global regulatory framework for crypto. The guidelines recommended to the 20 leading economies of the world, known as the G20, are crafted upon the principle of “same activity, same risk, same regulation.”on July 17.
The international body is also quite open about its appreciation of privacy, as it demands local regulators make sure that there is no activity that “may frustrate the identification of the responsible entity or affiliated entities,” pointing to decentralized finance protocols. One of the high-level recommendations states:
As for so-called global stablecoins, the FSB emphasizes that any stablecoin issuer should have one or more identifiable and responsible legal entities or individuals it calls a “governance body.” It says issuers must hold reserve assets in 1:1 minimal proportion unless the issuer “is subject to adequate prudential requirements” equivalent to commercial bank standards.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Kyle Richards Jokes Mauricio Uses Ozempic After He Posts Thirst TrapKyle Richards noticed Mauricio Umansky shared a thirst trap amid their separation – and had thoughts about how he achieved his toned physique.
Les mer »
Gold Cup gives SoFi Stadium a showcase to try to score the 2026 World Cup finalSunday's CONCACAF Gold Cup championship showdown between Mexico and Panama is SoFi Stadium's opportunity to impress FIFA and land the 2026 World Cup final.
Les mer »
Liberty's Sabrina Ionescu wins WNBA 3-point contest with record-breaking final roundNew York Liberty guard Sabrina Ionescu set an all-time record during the WNBA's 3-point contest on Friday as part of All-Star Weekend.
Les mer »
Princess Kate joins tennis fans at Wimbledon finalKate sat in the Royal Box to watch unseeded 24-year-old Czech player Markéta Vondroušová take on the No. 6 seed, Ons Jabeur of Tunisia.
Les mer »
Review: Dead & Company kick off final concert stand in San FranciscoPopular Grateful Dead offshoot, featuring Bob Weir, John Mayer and Mickey Hart, is calling it quits after three sold-out concerts at Oracle Park.
Les mer »
'Deadheads' pack into Oracle Park for Dead and Company's final tourThousands of 'deadheads' rolled into San Francisco to catch the final shows of Dead and Company's farewell tour.
Les mer »