Financial Stability Board Learned From FTX’s Collapse

The Financial Stability Board (FSB), which advises on the stability of the global financial system, will monitor the decentralized finance (DeFi) space more closely.

Financial Stability Board officials, cryptocurrencies regulation and control stressed the importance of establishing an international standard for

FSB, especially in the DeFi field It will examine in detail what problems may cause.

In a statement made by the FSB, “Crypto-trading platforms are the most popular in traditional finance. separately from each other carried out various activities together and this may result in the concentration of risks and conflicts of interest (involved in these activities).” expression was used.

Financial Stability Board officials also cryptocurrency exchange FTX referring to the collapse, “they learned a lesson” they stated.

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