Altcoin Alerts - ICO Token Sale LISTING | News | Press Release UPCOMING ICO's PAST ICO's EVENTS ALERTS

G20 builds framework to monitor Cryptocurrency

G20 builds framework to monitor Cryptocurrency

July 18, 2018 6:59 am,

The Financial Stability Board (FSB) has presented a framework for monitoring Cryptocurrency assets in collaboration with the Committee on Payments and Market Infrastructures (CPMI). The objective of the framework is to identify any emerging financial stability concerns in a timely manner. However, the proposed metrics may not fit all types of crypto-assets equally.

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 CPMI supports financial stability by promoting the safety and efficiency of payment, clearing, settlement and related arrangements.

FSB’s monitoring efforts will focus on the size and growth of initial coin offerings (ICOs), crypto’s wider use in payments, crypto assets’ price volatility, and institutional exposure, as well as the market’s volatility when compared to gold, currencies, and equities. This will help identify and mitigate risks to consumers and investor protection, market integrity and financial stability.

The standardized framework was published and has been submitted to the G20 nation’s finance minister and central bank governors. FSB, which is led by the bank of England governor Mark Carney, will also periodically compile qualitative reports to gather intelligence for market confidence.

Apart from FSB, other international regulatory organizations too are stepping up their efforts in monitoring a specific area of the Cryptocurrency industry. Like for instance, the International Organization of Securities Commission, a global regulatory body is developing its own framework to help member countries better analyze the impact of domestic and foreign ICOs on investors.

Featured ICO's

Invest in Future! Invest in Neluns!
A decentralized raffle platform
A decentralized service recommendation platform