Live Chat

Crypto News

Cryptocurrency News 1 years ago
ENTRESRUARPTDEFRZHHIIT

IMF and FSB Collaborate to Publish Crypto Asset Regulation Recommendations

Algoine News
Summary:
IMF and FSB have jointly published a policy paper with recommendations for regulating crypto asset activities, including stablecoins and decentralized finance (DeFi). The paper aims to provide guidance to jurisdictions on addressing risks, with a focus on aligning frameworks and policies. No new policies or expectations are included in the paper.
The IMF and FSB have jointly released a paper of policy recommendations, as requested by the Indian G20 Presidency. This paper aims to unify standards and consolidate collective recommendations, offering guidance to jurisdictions on managing risks associated with crypto asset activities. The recommendations cover the regulation of stablecoins and decentralized finance (DeFi), and outline how the regulatory frameworks and policies of the IMF and FSB can coexist. It's important to note that the paper does not introduce new policies, recommendations, or expectations for relevant authorities.

Published At

9/7/2023 10:40:06 AM

Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.

Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal? We appreciate your report.

Report

Fill up form below please

๐Ÿš€ Algoine is in Public Beta! ๐ŸŒ We're working hard to perfect the platform, but please note that unforeseen glitches may arise during the testing stages. Your understanding and patience are appreciated. Explore at your own risk, and thank you for being part of our journey to redefine the Algo-Trading! ๐Ÿ’ก #AlgoineBetaLaunch