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FSOC proposes framework to address gaps in crypto regulation

Crypto coins
Photo: Getty Images

Martin Cloake

1 min read
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Focus on risk warning has detracted from solid proposals to get a grip on regulating the sector.

The Report on Digital Asset Financial Stability Risks and Regulation by the Financial Stability Oversight Council (FSOC) has drawn much attention for its conclusion that “crypto-asset activities could pose risks to the stability of the US financial system”. The report estimates global crypto-asset capitalization reached roughly $3trn last November.

But

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