FSB finalizes its recommendations for a global crypto framework
crypto Tinatapos ng FSB ang mga rekomendasyon nito para sa isang pandaigdigang balangkas ng crypto 12 minuto ang nakalipas Balita ng Ethereum ng Bitcoin The Financial Stability Board (FSB) — an international organization that monitors the global financial system — has come up with a global regulatory framework for crypto. The guidelines recommended to the 20 leading economies of the world, known as the G20, are crafted upon the principle of “same activity, same risk, same regulation.” A public note and two separate guideline documents were made public on July 17. The document consists of two sets of recommendations: high-level recommendations for regulating crypto in general and “revised high-level recommendations” for a “global stablecoin.” The latter means nothing more than any stablecoin that could be used more than in one jurisdiction. The FSB states that crypto platforms must segregate clients digital assets from their own funds and clearly separate functions to avoid conflict of interest, with regulators ensuring tight cross-border cooperation and oversight. The international body is also quite open about its appreciation of privacy, as it demands local regulators make sure that there is no activity that “may frustrate the identification of the responsible entity or affiliated entities,” pointing to decentralized finance (DeFi) protocols. One of