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