President Joe Biden expressed his views on the cryptocurrency industry to prevent another similarity to the FTX, and to protect investors and other organisations. Joe Biden and G-20 leaders discussed this at the Bali meeting: “We welcome FSB’s proposed approach to establishing a comprehensive international regulatory framework.”
President Joe Biden spoke out on behalf of the cryptocurrency industry to prevent another similarity to the FTX, and to protect investors.
“We are pleased with the FSB’s proposal for establishing a comprehensive international framework to regulate crypto-asset activity. It is based on the principle that’same activities, same risk, equal regulation’.
We welcome the FSB’s consultative report on the review and revision of its high-level recommendations regarding the regulation, supervision, and oversight of “global stabilitycoin” arrangements.
President Joe Biden believes that the Financial Stability Board’s push to crypto regulation is necessary and provides the community with “a level playing ground.”
“We also welcome the FSB Consultation Report on promoting international consistency in regulatory and supervisory approaches for crypto-assets markets and activities.
It is crucial to raise public awareness about risks and support equal regulatory outcomes.
The G-20 leaders were pleased with the idea of establishing a comprehensive international framework for regulating cryptocurrency activity. G-20 leaders were pleased with the idea of establishing a comprehensive international framework to regulate cryptocurrency activity. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comHaroldCoincu NewsTags: cryptoFSBFTXG-20Joe Biden