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<ul class="news-points"> 
 <li>The G20 member nations have endorsed the crypto oversight recommendations by the FSB.</li> 
 <li>FSB recommendation aims to mitigate risks associated with the cryptocurrency ecosystem.</li> 
 <li>G20 would closely monitor the risks involved with the crypto asset ecosystem.</li> 
</ul> 
The G20 member nations have endorsed the crypto regulation, supervision, and oversight recommendations by the <a href="https://www.fsb.org/" target="_blank" rel="nofollow">Financial Stability Board (FSB)</a>. The endorsement was contained in a declaration by the group’s spokesperson over the weekend. The G20 declared: 
“We endorse the Financial Stability Board’s (FSB’s) high-level recommendations for the regulation, supervision, and oversight of crypto-asset activities and markets and global stablecoin arrangements.” 
According to reports, the FSB recommendation aims to mitigate risks associated with the crypto ecosystem. Hence, the G20 observed that it would closely <a href="https://coinedition.com/g20-ministers-to-advice-on-crypto-regulation-indian-economic-affairs-head/">monitor the risks</a> involved with the fast-paced developments in the crypto asset ecosystem. Following the declaration, the Finance Ministers and Central Bank Governors of the G20 nations committed to discussing and taking forward the roadmap during their next meeting in October 2023 in Marrakech, Morocco. 
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The post <a rel="nofollow" href="https://coinedition.com/g20-leaders-to-closely-monitor-risks-in-crypto-asset-ecosystem/">G20 Leaders To Closely Monitor Risks in Crypto Asset Ecosystem</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

G20 Leaders To Closely Monitor Risks in Crypto Asset Ecosystem

Coin Edition

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