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

07/17 07:40

International regulators are calling for stricter rules to protect crypto clients' assets and prevent conflicts of interest, following a year of alleged bad behavior in the sector. The Financial Stability Board has published recommendations to ensure consistent and comprehensive regulation of the industry, building on proposals from October. The new norms could force major crypto conglomerates to separate some of their activities and functions. Different global players are taking different approaches to regulating crypto, with the EU crafting a new tailored law and the SEC seeking to apply existing rules.

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