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

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FSB, IMF and BIS papers to set global crypto framework, says G20
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A series of recommendations and papers setting standards for a global crypto regulatory framework are planned for July and September 2023.

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

India’s Finance Minister Nirmala Sitharaman during FMCBG meeting in Bengaluru. Source: Ministry of Finance. "We look forward to the IMF-FSB Synthesis Paper which will support a coordinated and comprehensive policy approach to crypto-assets, by considering macroeconomic and regulatory perspectives, including the full range of risks posed by crypto assets."

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