Recently, 24 financial institutions including the International Monetary Fund (IMF) and the World Bank (World Bank) and 11 international organizations have recently gathered in New York to discuss global standards for encryption regulation. The chairman of the highest financial regulator in Korea, who attended the meeting, said: “It is very important to implement international standards all the time.” The Financial Stability Board (FSB) plenary meeting was held at the Federal Reserve Bank of New York on Friday to discuss “the fragility of the global financial system” and upcoming in Japan. Progress report on the G20 meeting. One of the topics discussed was the global encryption management standard. The plenary discussed different initiatives being taken by standards bodies to address the risks of cryptographic assets and any vulnerabilities that may exist in this work.