Context
Financial Stability Board (FSB)’s latest report on crypto-asset intermediaries sought measures to enhance cross-border cooperation and information sharing among local authorities.
About
Key Highlights-
Multi-function crypto-asset intermediaries (MCIs)
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Transparency and Governance:
Conclusion:
The FSB report underscores the need for improved regulation and transparency in the crypto space, emphasizing the potential risks associated with MCIs. It points to the challenges in assessing their revenue, managing concentration risks, and the spillover effects on the broader financial system.
Verifying, please be patient.