Regulators propose first global rules before ‘crypto winter’ thaw

LONDON – Cryptoasset companies should set aside capital like banks when undertaking similar activities, regulators proposed on Tuesday in their first global rules as a “crypto winter” wiped $2 trillion off the sector, leaving investors nursing losses. The Financial Stability Board (FSB), which coordinates financial rulemaking among Group of 20 Economies (G20), made nine recommendations … Continue reading Regulators propose first global rules before ‘crypto winter’ thaw