Global standard setters will team up to tackle DeFi regulation: FSB

02/16 09:38

The Financial Stability Board (FSB) will work with other international standard setters to determine how decentralized finance (DeFi) activities should be regulated across different jurisdictions, it said in a report published Thursday. The FSB will also explore the extent to which its proposed policy recommendations for the crypto sector needs to be enhanced to address risks specific to DeFi, the report said. In collaboration with other international standard-setters, it also plans to explore how to fill data gaps in measuring and monitoring the interconnectedness of DeFi with traditional finance. “DeFi does not differ substantially from traditional finance in the functions it performs or the vulnerabilities to which it is exposed,” the FSB said in a Thursday press release. Regulators around the world have been monitoring how interlinked the crypto space has been with the real economy as businesses and banks dove into the sector during the crypto boom that started in 2021. Since then, billions have been wiped out from crypto markets and prompted successive collapses including that of token issuer Terra, crypto lender Celsius Network and crypto exchange FTX. The market turmoil has only encouraged regulators to set up better safeguards for people investing in crypto.
bullishbullishbullish3bearishbearishbearishRibassistaMi piaceCondividi
DisclaimerIl contenuto di cui sopra non rappresenta le posizioni di HTX.HTX non fornisce alcuna raccomandazione di trading.

Articoli correlati

  • Image

    4 Years After Terra’s Collapse, Hodlnaut’s Former CEO Faces Fraud Charges In Singapore Court

  • Image

    Terra Founder Do Kwon Could Face 30-Year Sentence In Potential South Korean Trial

  • Image

    Ex-Terra Insider Calls Do Kwon Case ‘Backwards’ In Explosive X Thread

Tutti i commenti0RecentePopolare

avatar
RecentePopolare

Articoli correlati

  • Image

    4 Years After Terra’s Collapse, Hodlnaut’s Former CEO Faces Fraud Charges In Singapore Court

  • Image

    Terra Founder Do Kwon Could Face 30-Year Sentence In Potential South Korean Trial

  • Image

    Ex-Terra Insider Calls Do Kwon Case ‘Backwards’ In Explosive X Thread