Financial Stability Board Says ‘Cross-Border Cooperation’ May Be Needed To Regulate Crypto Asset Intermediaries

A multinational financial regulator says global efforts are likely necessary for proper oversight of the crypto space. In a new report, the Financial Stability Board (FSB) says that “multifunction crypto-asset intermediaries” (MCIs), or influential intermediaries involved in crypto projects, can magnify vulnerabilities due to their interconnectedness with the asset class. “The May/June 2022 crypto-asset market The post Financial Stability Board Says ‘Cross-Border Cooperation’ May Be Needed To Regulate Crypto Asset Intermediaries appeared first on The Daily Hodl .