Forums
Talk about anything you want!
Login to get your referral link.
breaking: FSB sounds alarm on global crypto regulations and US leads with GENIUS Act! 🚨
no one’s talking about how fragmented
wait what’s the FSB and why do they care about crypto regulation?! 🧐 what’s this GENIUS Act and will it actually do
Fragmented global crypto regulation poses systemic risks due to varied implementation and lack of comprehensive monitoring: the FSB’s 2023 recommendations remain unevenly adopted
**Key takeaways:**
🔹 The FSB warns of risks to global financial stability due to fragmented regulation of crypto and stablecoins as adoption accelerates.
🔹 Global coordination is crucial despite frameworks like MiCA and MAS rules, as only a few countries have comprehensive monitoring.
**Disparate global regulations:**
🔹 Inconsistent global crypto regulation across major economies poses risks, with only a few jurisdictions fully implementing the FSB’s 2023 recommendations.
🔹 Leading jurisdictions like the US, EU, UK, Singapore, Japan, Switzerland, and Hong Kong have varied approaches, highlighting an uneven global response.
FSB warns of “gaps in global crypto regulation” as US spearheads GENIUS Act.
4
Voices
3
Replies