2023 Message from the Financial Stability Board for Cryptocurrencies!

Cryptocurrencies believes that this sector should be regulated in countries as adoption increases.

In this context Bitcoin (BTC) and one of the countries that carry out regulation studies in cryptocurrencies. USA it happened.

Although there are studies on crypto regulation, the Financial Stability Board in the USA, which has not reached a clear conclusion, announced that it plans to take steps to regulate the crypto sector in early 2023.

Speaking to the Financial Times Dietrich Domanski, Secretary General of the Financial Stability Board, The bankruptcy of FTX and Alameda cryptocurrency He said the regulations showed that it was urgent.

“Recent events have strengthened the recognition that it is indeed urgent to address the risks involved in cryptocurrencies.

I think the FSB’s work plan on crypto regulations will reflect the urgency in this area.

As the work plans were drawn up, the FSB learned to understand the crypto markets.

In this context, I invite those who say that you should act faster, you should do more, to follow a global cooperation process and to point out the points where we can act more quickly.”

The FSB, consisting of central bank managers, financial officials and regulators of the G20 countries, met in Basel last week.

At this meeting, he drew attention to the urgency of regulations for the crypto industry. FSB, FTX‘s bankruptcy and the lessons learned from that bankruptcy.

At this meeting, the FSB called for the urgency of advancing the policy work program by the FSB and standard-setting bodies to establish a global regulatory and supervisory framework, including in non-FSB jurisdictions.