The Financial Stability Board will submit a report on cryptocurrency development before the G20

On May 31, the Financial Stability Board (FSB) will submit a report on encryption development before the G20. As the cryptocurrency economy thrives, major international regulators are now focusing on simplifying many encryption-related policies, including investor protection, market integrity and anti-money laundering. The Financial Stability Board outlined the prospects of regulators in a recent report. The FSB will report to the finance ministers and central bank governors at the upcoming G20 summit. The report details that the Basel Committee on Banking Supervision (BCBS) is working to introduce policy and regulatory initiatives related to cryptographic assets and is committed to strengthening the regulation and practice of global banks.