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Cryptocurrency
FSB Issues Statement on Crypto Assets Ahead of G20 Meeting
By Editors | 11/07/2022
The statement clarifies that so-called stablecoins and other crypto-assets “do not operate in a regulation-free space”.
Cryptocurrency
US Treasury Outlines Approach to International Engagement on Crypto
By Editors | 11/07/2022
The US will promote the adoption and implementation of international standards while ensuring a “coordinated message” and limiting duplication of work.
Payments & Settlements
FSB Urges Adoption of LEI in Cross-border Payments
By Editors | 10/07/2022
Using the LEI in cross-border payments could facilitate straight-through processing, reduce costs, increase transaction speeds, and facilitate KYC compliance.
Payments & Settlements
FSB Advances Work on G20 Cross-border Payments Roadmap
By Editors | 08/07/2022
The FSB has proposed KPIs and data sources for monitoring progress toward quantitative global targets for addressing the challenges faced by cross-border payments.
Cryptocurrency
IOSCO Outlines Planned Work to Address Crypto Market Risks
By Editors | 07/07/2022
The roadmap will initially focus IOSCO’s Fintech Taskforce on work to analyse and respond to market integrity and investor protection concerns.
Emerging Prudential Risks
FSB Plenary Highlights Continued Financial Stability Concerns
By Editors | 03/07/2022
The FSB expressed concerns over the outlook for financial stability, volatility in commodity markets, and strains in crypto-asset markets.
Emerging Prudential Risks
FSB, IMF Conclude Second G20 Data Gaps Initiative
By Editors | 09/06/2022
A third data gaps initiative has been proposed, to address data gaps relating to climate change, fintech and financial inclusion, among other things.
Emerging Prudential Risks
FSB Works to Develop Systemic Approach to NBFI Risks
By Editors | 08/06/2022
The FSB explains the sources of risk in the NBFI sector, and the data, tools and policy approaches available to monitor and address these risks.
Cryptocurrency
G7 Urges FSB to Swiftly Develop Regulations for Crypto
By Manesh Samtani | 22/05/2022
FSB asked to “advance the swift development and implementation of consistent and comprehensive regulation of crypto-asset issuers and service providers”.
Cryptocurrency
South Korea to Enact ‘Digital Assets Basic Act’ in 2023
By Editors | 17/05/2022
More banks will be able to offer services to crypto investors. The Bank of Korea Act will be revised to allow CBDC introduction.
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