G20 Bali Leaders' Declaration Calls for Global Crypto Regulatory Framework, Continued Exploration of CBDC

Nov 21,2022
KingData News: The G20 Bali Leaders' Declaration, published on the U.S. White House website, states that it is "critical to build public awareness of risk, strengthen regulatory outcomes and support a level playing field, while harnessing the benefits of innovation." It also welcomes the continued exploration of how CBDCs can be designed to facilitate cross-border payments while maintaining the stability and integrity of the international monetary and financial system. The statement noted that it welcomed the FSB's proposed approach to establishing a comprehensive international framework for the regulation of crypto-asset activities based on the principle of "same activity, same risk, same regulation" and wanted to ensure that the crypto-asset ecosystem, including the various Stablecoins, was closely monitored to mitigate potential risks to financial stability.
This index tracks global regulatory move targeted at cryptocurrency and blockchain industry.
30,904Follow
46,973

Recommend

More