Next week could prove a turning point in the global regulation of crypto finance – and ministers from the world’s 20 biggest economies will potentially confront the system change posed by decentralized finance (DeFi).
The Financial Stability Board (FSB), a global watchdog, will set out plans for regulating crypto markets by the middle of next week – and it may have to consider whether to carry on sharpening the tools it already has in its toolbox or go in a whole new direction to rein in the ecosystem of decentralized finance (DeFi).
The FSB has an influential role in setting international norms – it wrote the current rulebook for financial markets in the wake of the 2008 financial crisis. Back in July it set out its crypto agenda, in the form of two consultations which it wants to present to G20 finance ministers ahead of a meeting next Wednesday and Thursday in Washington.
Many markets suffer from volatility – but the FSB is really worried about crypto instability filtering...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...