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G20's FSB crypto framework: What you need to know
A global regulatory framework for crypto assets has been completed by the Financial Stability Board (FSB).
The framework offers suggestions on how to protect client assets, deal with conflicts of interest, and improve international cooperation.
All nations, including those that are not watchdog members, should follow the guidelines, according to the FSB.
The failure of FTX in November 2022 exposed weaknesses in the crypto industry.
The FSB has made a declaration in reaction to cryptocurrencies' growing impact on the world economy.
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