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Global crypto regulation gaps threaten stability, FSB warns, urging stronger cooperation and oversight.
The Financial Stability Board, the G20’s financial watchdog, has warned of significant gaps in global cryptocurrency regulation, citing fragmented enforcement and inadequate rules for stablecoins despite their rapid growth to nearly $290 billion.
While the global crypto market has doubled to $4 trillion, most countries lack comprehensive frameworks, raising concerns about financial stability.
The FSB emphasized the need for stronger international cooperation, especially as crypto becomes more integrated with traditional finance, and issued eight recommendations to improve oversight and coordination.
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Las brechas en la regulación criptográfica global amenazan la estabilidad, advierte el FSB, instando a una mayor cooperación y supervisión.