Last week I was going through the crypto headlines and I saw that the Financial Stability Board or FSB’s crypto regulation recommendations had been released. I’ve been waiting for these for a while, so I couldn’t help but cover them ASAP.
For those who don’t know, the FSB is basically an arm of the Bank for International Settlements or BIS. The BIS is the bank for central banks, so yeah, the FSB has a lot of influence. Let’s just say these ‘recommendations’ are more like instructions.
That’s why it’s so important to unpack what each of these recommendations says, and what implications they could have for crypto. As you’ll see, there’s some pretty concerning stuff in the FSB’s documents. Luckily, they provided dates for when it will be rolled out.
Watch and listen closely!
⛓️ 🔗 Useful Links 🔗 ⛓️
► FSB Crypto Regulation Recommendations Summary: https://www.fsb.org/wp-content/upload…
► FSB Crypto Regulation Recommendations: https://www.fsb.org/wp-content/upload…
► FSB Stablecoin Regulation Recommendations: https://www.fsb.org/wp-content/upload…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.