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Fsb
Tokenization Could Pose Risks to Financial System, FSB and BIS Warn
The Financial Stability Board identified three vulnerabilities of tokenization: The underlying reference asset; the participants in distributed ledger technology based tokenization projects; and new technology's interaction with legacy systems.
Financial Stability Board to Extend Its Work on Stablecoin Risks in Emerging and Developing Economies
Members of the global financial stability body discussed areas that "warrant further attention" in the crypto sector during a meeting in Toronto last week.
BRICS Will Create Payment System Based on Digital Currencies and Blockchain: Report
For some time now, the BRICS grouping has been making efforts to reduce its reliance on U.S. dollars in settlement.
Crypto, Tokenization, AI Are Priorities for Monitoring, FSB Says Ahead of G20 Meeting
The Financial Stability Board plans to publish a status report on its crypto roadmap and a report on the financial stability implications of tokenization.
Failure of Multi-Function Crypto Firms a Limited Threat to 'Real Economy': FSB
A new report by the Financial Stability Board said further assessments of possible implications are required because "significant information gaps remain."
Former FTX Executive Ryan Salame to Plead Guilty: Bloomberg; Neowiz To Build Games on Avalanche
"CoinDesk Daily" host Jennifer Sanasie takes a closer look at the hottest crypto stories today, including former FTX executive Ryan Salame's plans to plead guilty to criminal charges, Bloomberg reported. Korean game publisher Neowiz plans to build games on the Avalanche blockchain. The regulatory warning from the IMF and FSB. Activity in the crypto spot market falls. ARK Invest and 21Shares applied for regulatory approval for an ETF that would directly hold ether.
Blanket Crypto Bans Won’t Work, IMF and FSB Warn in Joint Paper
The global standard-setters also warned stablecoins adopted by multiple jurisdictions "may transmit volatility more abruptly" than other crypto.
Global Standard Setters to Deliver Global Crypto Policy Roadmap
The Financial Stability Board and the International Monetary Fund are set to deliver a paper calling for global coordination on crypto policy at this weekend's G20 summit.
G20 Set to Crystalize Global Crypto Rules as India Wraps Up Presidency
G20 nations, supported by the FSB and IMF under India’s presidency, are set to bring into implementation perhaps the first global crypto regulations ahead of the Leaders’ Summit in September.
G20 President India Publishes Its Input for Framing Global Crypto Rules
India's presidency note on crypto is an effort to have its suggestions included in the framing of global crypto rules.
