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International agencies report on tokenization to G20 officials

[Oct 22 8:27 PM] The Bank for International Settlements and the Financial Stability Board have similar views on tokenization — it could provide new benefits and familiar challenges.

Tokenization Could Pose Risks to Financial System, FSB and BIS Warn

[Oct 22 3:36 PM] 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 Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage

[Jun 17 7:20 PM] The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and enhancing the resilience of…

Financial Stability Board to Extend Its Work on Stablecoin Risks in Emerging and Developing Economies

[Jun 17 2:55 AM] The Financial Stability Board (FSB) said it will undertake further work to consider the challenges associated with risks of global stablecoin arrangements in emerging and developing economies.

Indian Finance Minister: Crypto Regulation Needs Global Consensus

[May 20 3:15 PM] Indian Finance Minister Nirmala Sitharaman advocates for global consensus on cryptocurrency regulation, highlighting the need for international cooperation, particularly within the G20. She noted that while Indian regulators have differing opinions…

BRICS Will Create Payment System Based on Digital Currencies and Blockchain: Report

[Mar 4 11:40 PM] The five-nation BRICS group comprising Brazil, Russia, India, China and South Africa will work on creating a payment system based on blockchain and digital technologies, a report by Russian news agency TASS said.

Crypto, Tokenization, AI Are Priorities for Monitoring, FSB Says Ahead of G20 Meeting

[Feb 26 6:27 AM] 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

[Nov 28, 2023 4:55 AM] A new report by the Financial Stability Board said further assessments of possible implications are required because "significant information gaps remain."

IMF and FSB Release ‘Policies for Crypto Assets’ at G20 Request

[Sep 8, 2023 6:30 PM] The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published their synthesis paper titled “Policies for Crypto Assets,” which was developed at the request of the Indian G20 Presidency. The global…

IMF, FSB release joint policy recommendations for crypto assets

[Sep 7, 2023 4:40 AM] The policy paper includes recommendations for regulating activities related to stablecoins and decentralized finance (DeFi).

Blanket Crypto Bans Won’t Work, IMF and FSB Warn in Joint Paper

[Sep 7, 2023 2:00 AM] The global standard-setters instead suggest targeted restrictions when necessary, and urges jurisdictions to strengthen monetary policy frameworks.

Global Standard Setters to Deliver Global Crypto Policy Roadmap

[Sep 5, 2023 2:00 AM] 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

[Aug 15, 2023 10:30 AM] G20 nations are set to crystalize crypto policies, the closest we may have come to globally coordinated rules for the industry. India has been at the helm of the efforts as the current president of the G20 and is likely to celebrate the progress…

G20 President India Proposes ‘Action Points’ for Implementing Global Crypto Rules

[Aug 6, 2023 8:30 PM] The Indian Presidency of G20 has put forward proposals for a roadmap to introducing a global regulatory framework for crypto assets. India believes a more coordinated policy will be needed to enforce international standards in the field and…

G20 President India Publishes Its Input for Framing Global Crypto Rules

[Aug 1, 2023 11:58 PM] As the current president of the Group of Twenty (G20), India has made public its presidency note on crypto in an effort to have its suggestions included in the framing of global crypto rules.

G20 Nations Welcome FSB's Tougher Crypto Rules, Says Presidency Holders India

[Jul 18, 2023 7:05 AM] The Group of Twenty (G20) has welcomed the high-level recommendations of the Financial Stability Board (FSB) on crypto asset activities and global stablecoin arrangements.

G20’s FSB Pushes for Global Crypto Regulations and Standards Aiming to Curb Crypto ‘Spillover’ Risks

[Jul 17, 2023 3:30 PM] On Monday, the Financial Stability Board (FSB), a product of the G20 organization, unveiled its proposed guidelines for a global regulatory structure overseeing the operations of crypto assets. The international entity emphasizes that nations…

Financial Stability Board Calls for Tougher Global Crypto Rules After Year of Turmoil

[Jul 17, 2023 1:00 AM] The standard-setter called for crypto companies to adapt now, after allegations of misuse of client funds at FTX

France's Markets Regulator Backs Global Rules for DeFi

[Jun 19, 2023 4:11 AM] The AMF wants industry stakeholders to contribute to a discussion about its views on supervising DeFi, DAOs and associated risks.

India's RBI Intends to Push G-20 to Focus on Crypto's Macro Risks

[May 30, 2023 6:02 AM] India's central bank is trying to expand the global narrative around cryptocurrencies beyond "financial stability and integrity to macro-financial and cross-sectoral implications and risks of crypto-assets.

G-7 Finance Ministers Discuss Crypto Regulation Ahead of Japan Summit Next Week

[May 15, 2023 4:45 AM] Representatives for the seven advanced economies signaled a commitment to following norms set by standard-setters FSB and IMF on crypto and central bank digital currencies.

G-7 Will Focus on Helping Developing Nations Introduce CBDCs

[Apr 12, 2023 12:34 AM] The Group of Seven (G-7) advanced nations will prioritize considering how it can better help developing countries introduce their central bank digital currencies (CBDCs).