FSB: cryptoassets pose no threat to financial stability now but "vigilant" monitoring needed

A report by the Financial Stability Board (FSB), which co-ordinates financial regulation among the G20 economies, has concluded that cryptoassets do not currently pose a material risk to global financial stability, but monitoring is necessary to protect consumers.

The report comes after an initial assessment set out in the FSB Chair’s March 2018 letter to G20 Finance Ministers and Central Bank Governors and the summary of the work of the FSB and standard-setting bodies on cryptoassets the FSB released in July.

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