Published on July 17th, 2018 | by bitcoin0
Framework to Monitor Cryptocurrency Unveiled by G20 Watchdog
A framework has been developed for the G20 countries to “monitor the financial stability implications of crypto-assets markets.” The Financial Stability Board says cryptocurrencies “do not pose a material risk to global financial stability” but supports their “vigilant monitoring.”
Also read: Yahoo!
Japan Confirms Entrance Into the Crypto Space
G20’s Crypto Monitoring Framework
The Financial Stability Board (FSB) announced Monday that it “has developed a framework and identified metrics to monitor the financial stability implications of crypto-assets markets.” The framework was developed in collaboration with the Committee on Payments and Market Infrastructures (CPMI).
The FSB is an international body that monitors and makes recommendations about the global financial system to G20, an international forum for governments and central bank governors.
The framework identifies which metrics the FSB might usefully monitor in the short-to-medium term.
What do you think of the FSB’s crypto monitoring framework?