FSB Warns of Gaps in Crypto and Stablecoin Regulation
The Financial Stability Board (FSB) has warned that a "fragmented" global regulatory approach to crypto and stablecoin regulation is contributing to vulnerabilities in the digital asset ecosystem.
The inconsistent global approach allows for regulatory arbitrage and poses risks to financial stability.
The FSB published its recommendations for the regulation of crypto and stablecoins in 2023.
The FSB has warned of a "fragmented" global regulatory approach.
Author's summary: FSB warns of regulatory gaps in crypto and stablecoins.