Global Watchdog Warns Crypto Regulation Gaps Pose Financial Stability Risks
The Financial Stability Board has issued a landmark warning about uneven cryptocurrency regulations across global jurisdictions. According to their assessment, regulatory gaps could enable crypto providers to engage in jurisdictional shopping and create systemic risks during market stress.
Global Financial Watchdog Sounds Alarm on Crypto Regulation
The world’s financial stability watchdog has warned that regulators are creating too many gaps and inconsistencies when establishing rules for the rapidly expanding cryptocurrency market, according to reports from the Financial Stability Board’s landmark assessment published Thursday.