2018-7-16 17:01 |
The Financial Stability Board (FSB), an organization focused on analyzing and making recommendations to the G20 on global financial systems, has presented a framework for monitoring cryptocurrency assets.
The standardized framework was published along with a report on Monday and has been submitted to the G20 nations’ financial ministers and central bank governors.
The report indicated that, apart from the FSB, other international regulatory organizations too are stepping up their efforts in monitoring specific areas of the cryptocurrency industry.
The FSB report comes as the result of the G20 meeting in March this year, at which there were calls for global regulation of cryptocurrencies.
As previously reported by CoinDesk, member countries agreed at the time that initial recommendations were required over what data should be used to monitor the crypto space, and set July as a deadline.
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