FSB calls for ‘forward-looking approach’ to regulating crypto-assets
Global financial regulators should consider how the risks of cryptocurrencies and other blockchain-related assets could evolve when assessing their exposure to the technology, a financial stability watchdog said.
Governments should publicly state, as much as they can, what their current vulnerabilities to crypto-assets are, including both bank and non-bank institutions, the Financial Stability Board (FSB) said in a report submitted to G20 finance ministers and central bank governors. National regulators must also seek to strike a balance between a multilateral response and the fact that different countries face different risks to blockchain transactions, the FSB said.
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