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🚨 BREAKING: FSB and IOSCO drop 🔥 reports on crypto regs worldwide, exposing gaps in oversight and slow progress in stablecoin
The Financial Stability Board and IOSCO assess global crypto regulation, emphasizing the need for consistency to mitigate financial stability risks and enhance investor protection. Challenges like fragmented
The Financial Stability Board and IOSCO have released reports on regulating cryptoassets, offering insights into global regulatory approaches. They aim to enhance consistency across jurisdictions. The FSB focuses on financial stability risks, while IOSCO addresses investor protection in the crypto market. Both reports highlight progress but note fragmented implementation. Key concerns include gaps in regulating crypto-asset service providers, slow progress in stablecoin regulations, and challenges posed by multi-issuer stablecoins. Recommendations include enhancing cross-border cooperation and implementing comprehensive frameworks.
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