Unicredit Removed from List of Global Systemically Important Banks by FSB
The Financial Stability Board removed Italy’s UniCredit the list of global systemically important banks.
The Financial Stability Board removed Italy’s UniCredit the list of global systemically important banks.
On the occasion of the G20 summit, India said that it is willing to closely cooperate with all member nations to work on a clear regulatory framework for crypto.
According to the FSB, crypto assets need regulation to comply with as they are predominantly used for speculative purposes.
The BBC Russian service allegedly links $450 million in missing Wex funds to the Russian FSB. It is said that the crypto assets may have been transferred to a fund belonging to the FSB.
Following June 9 G20 meeting in Fukuoka, Japan, the G20 finance ministers, and central bank governors filed a request with the Financial Stability Board (FSB) to monitor cryptoassets-associated risks.
While banks are afraid of the competition with FinTech startups, they forget about BigTech companies that can be really serious rivals for them, according to experts from Financial Stability Board.
G20 member countries held a summit devoted to digital assets. Currently, they are looking at an October deadline for reviewing a global anti-money laundering (AML) standard on cryptocurrency.