EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

FSB Lay Out Global Standards For Crypto Regulation

Admin by Admin
December 13, 2022
in Crypto News
0
CFTC Commissioner Says Congress Must Order Crypto Regulators To Cooperate
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter
Webinar Webinar

The FTX collapse spurred action from a global financial watchdog to give recommendations to regulate the crypto industry early in 2023.

The Financial Stability Board (FSB), an international organization that monitors the global financial system, has reportedly stated that it will be laying out steps to regulate crypto next year.

With the recent collapses of major cryptocurrency projects like Terraform Labs and FTX exchange, global policymakers have received criticisms about allowing FTX to expand before blowing up. According to the FSB official, such rules and standards would have prevented events like the Terra and FTX collapse since they wouldn’t have met the criteria for sound governance.

In the months ahead, the FSB is planning to create a timeline for global regulators to implement the initial recommendations. After providing recommendations, rules agreed upon at the FSB can be put into law by various national regulators.

Meanwhile, the former CEO of FTX, Sam Bankman-Fried was recently arrested by the Royal Bahamas police and is set to be extradited to the United States.

The arrest follows a formal notification by the U.S. government that it has filed criminal charges against Bankman-Fried. Charges include wire and securities fraud, money laundering, and conspiracy to commit wire and securities fraud.

Hours before the arrest, Bankman-Fried denied that he was part of a Wirefraud chat group that was allegedly made up of FTX executives. The group was allegedly used to exchange information about FTX and Alameda Research’s operations.

Dietrich Domanski, the outgoing secretary general of the FSB, said that recent events highlighted that it’s “urgent to address risks” within the space.

“Wire fraud” chat group that was allegedly made up of FTX executives. The group was allegedly used to exchange information about FTX and Alameda Research’s operations.

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: Cryptocrypto regulationFSB
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Celebs Are Being Sued for Shilling Expensive Bored Ape NFTs

Next Post

Meta Shuts Down Its Connectivity Division

Admin

Admin

Next Post
Metaverse and web3 firms

Meta Shuts Down Its Connectivity Division

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

August 31, 2022
Meta (Ex-Facebook) Fined €1.2 Billion In Landmark EU Ruling

Meta Verified Shows A Company Running Out of Ideas

February 22, 2023
XAGUSD pair

XAG/USD Climbs to Mid-$19.00s

4
Premier League Considering Partnership With NFT Crypto Platform

Premier League considering partnership with NFT crypto platform

2
EUR/USD pair

EUR/USD Recovers from 20-year Lows

2
Binance CEO Supports Terra Classic Raising LUNC Burn Tax To 0.5%

Binance Proof-Of-Reserve Pledge Earns Support Following FTX Crisis

2
AUD USD pair

AUD/USD Recovers Early Lost Ground Amid Modest USD Slide

May 30, 2023
What are dividend stocks

What are Dividend Stocks?

May 30, 2023
This is What Needs To Happen For Bitcoin To Reach $45K This Year According To JPMorgan

This is What Needs To Happen For Bitcoin To Reach $45K This Year According To JPMorgan

May 30, 2023
Three Cryptos That Elon Musk Does Not Want to Sell

Three Cryptos That Elon Musk Does Not Want to Sell

May 30, 2023

Recent News

AUD USD pair

AUD/USD Recovers Early Lost Ground Amid Modest USD Slide

May 30, 2023
What are dividend stocks

What are Dividend Stocks?

May 30, 2023
This is What Needs To Happen For Bitcoin To Reach $45K This Year According To JPMorgan

This is What Needs To Happen For Bitcoin To Reach $45K This Year According To JPMorgan

May 30, 2023
Three Cryptos That Elon Musk Does Not Want to Sell

Three Cryptos That Elon Musk Does Not Want to Sell

May 30, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Entertainment
  • Forex News
  • Gaming
  • Review
  • Reviews
  • Stocks
  • Uncategorized

Recent News

AUD USD pair

AUD/USD Recovers Early Lost Ground Amid Modest USD Slide

May 30, 2023
What are dividend stocks

What are Dividend Stocks?

May 30, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>