The Financial Stability Board has taken the first step towards regulating crypto assets, detailing its plans to monitor the financial stability implications of the market on July 16.
“While the FSB believes that crypto assets do not pose a material risk to global financial stability at this time, it recognises the need for vigilant monitoring in light of the speed of market developments,” the FSB said in a statement.
In June 2018, the FSB Plenary approved a monitoring framework that was
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