FSB, IMF and BIS papers to set global crypto framework, says G20 By Cointelegraph

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FSB, IMF and BIS papers to set global crypto framework, says G20

Published Feb 26, 2023 10:54AM ET Updated Feb 27, 2023 12:40PM ET

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FSB, IMF and BIS papers to set global crypto framework, says G20

The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will deliver papers and recommendations establishing standards for a global crypto regulatory framework, the group of the 20 biggest economies of the world — collectively known as G20 — announced on Feb. 25.

According to a document summarizing the outcomes of the meeting with finance ministers and central bank governors, the FSB will release by July recommendations on the regulation, supervision and oversight of global stablecoins, crypto assets activities and markets.

India's finance minister, Nirmala Sitharaman, during FMCBG meeting in Bengaluru. Source: Ministry of Finance

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Safi Kedir Feb 27, 2023 12:54PM ET

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