FSB launches crypto asset-monitoring framework
Metrics will focus on the financial stability risk of the cryptocurrency market; much of the data will be pulled from public sources
The Financial Stability Board took the first step towards regulating cryptocurrency assets on July 16, by detailing its plans to monitor the financial stability implications of the market.
“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, the FSB Plenary approved a monitoring framework that was
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