FSB Says Inconsistent Global Crypto Regs May Lead To Gaps

Law360, London (May 31, 2019, 6:40 PM BST) -- The global financial stability watchdog urged the world’s top economic powers on Friday to keep regulatory approaches to cryptocurrencies under close review as inconsistent rules between nations could lead to gaps in policy.

In preparing a report for G20 finance ministers and central bank governors, the Financial Stability Board said regulators need to step up their risk assessments of the cryptocurrency sector.  

The FSB — a forum of central bankers from around the world — said that opinions differ between its members on how cryptocurrencies should be regulated and whether they should be regulated on an international level.

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