G20 and cryptocurrencies: a global controller calls to change the rules of the regulation and do not create a new

G20 and cryptocurrencies: a global controller calls to change the rules of the regulation and do not create a new

As informs Agency Reuters, the financial stability Board (FSB) that coordinates financial regulation of countries included in most top 20, despite calls from some members, does not consider it necessary to regulate cryptocurrencies and bitcoin in particular.

The financial stability Board (eng. Financial Stability Board) is an international organization created by the countries of the Big twenty industrial at the London summit in April 2009.

The Council believe that it is necessary to focus on amending existing rules and regulations, and refrain from creating new ones.

FSB claims that it is necessary to strengthen international coordination to address gaps in monitoring of the rapidly growing, but still tiny sector represents less than 1 percent of global GDP. The Chairman of the FSB mark Carney in a letter to the heads of the Central banks and Finance Ministers of the G20 commented on the situation:

Initial evaluation of the FSB is that the cryptocurrency assets do not currently present any risk to global financial stability.

FSB, as the work of that body in eliminating the consequences of the financial crisis and prevent a new comes to an end, believes that the financial system needs new rules and it needs a thorough analysis of the existing.

Let's Disqus