International agencies report on tokenization to G20 officials
The Bank for International Settlements and the Financial Stability Board have similar views on tokenization — it could provide new benefits and familiar challenges. Go to Source
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Financial Stability Board Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage
The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and enhancing the resilience of non-bank financial intermediation (NBFI). The FSB also reviewed progress on implementing its global regulatory framework for crypto asset … Read more
Indian Finance Minister: Crypto Regulation Needs Global Consensus
Indian Finance Minister Nirmala Sitharaman advocates for global consensus on cryptocurrency regulation, highlighting the need for international cooperation, particularly within the G20. She noted that while Indian regulators have differing opinions regarding how to treat crypto, there is currently no significant confusion. Indian Finance Minister on Crypto Regulation Indian Finance Minister Nirmala Sitharaman stressed the … Read more
IMF, FSB release joint policy recommendations for crypto assets
The policy paper includes recommendations for regulating activities related to stablecoins and decentralized finance (DeFi). Go to Source
How Bitcoin’s strong correlation to stocks could trigger a drop to $8,000
The absence of a CME Bitcoin futures premium, unrelenting record-high inflation and investor concerns over the economy are all factors weighing on BTC price. Go to Source Powered by WPeMatico
G20 Watchdog Announces ‘Robust’ Global Crypto Regulation Coming in October
The Financial Stability Board (FSB) says it is working on a “robust” regulatory framework for crypto assets and will report its recommendations to the G20 finance ministers and central bank governors in October. FSB to Present Robust Crypto Regulatory Framework to G20 in October The Financial Stability Board (FSB), an international body that monitors and … Read more
Russian Law Enforcement Submits Proposals to Regulate Seizure of Crypto Assets, Data Sharing
Russian Ministry of Finance has accepted a number of crypto regulatory proposals submitted by the country’s law enforcement departments. They cover a range of related areas, including the seizure of digital assets and the reporting of information on cryptocurrency transactions. Finance Ministry of Russia Backs Regulations Proposed by Law Enforcement Agencies Russia’s Ministry of Finance … Read more
Russian security agency wants exchanges to share data with crime investigators
The measure comes along with a proposed ban on advertising of non-licensed crypto services. Go to Source Powered by WPeMatico
Russia Takes Down 4 Carding Sites With Over $260 Million in Crypto Turnover
Law enforcement in Russia has blocked major sites on the dark web, including a carding market leader. The platforms have been seized amid ongoing investigations into hacking groups, with Russian authorities ramping up efforts to dismantle the cybercrime rings and detain their members. Interior Ministry of Russia Hits Stolen Credit Cards Market The Ministry of … Read more
Global Regulators ‘Going Full Steam’ on Crypto — Official Says ‘Current Structure Is No Longer Fit for the Purpose’
Global regulators are “going full steam” on cryptocurrency regulation. “The current structure is no longer fit for the purpose with the development of cross-border digital market activities,” said the chairman of France’s markets watchdog AMF. Global Regulators Going Full Steam on Cryptocurrency Regulation Robert Ophèle, chairman of France’s markets watchdog, the Autorité des marchés financiers … Read more
