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FSB to Lay Down Recommendations for Crypto Regulation in Early 2023

The Financial Stability Board (FSB), the world’s most powerful global financial watchdog group, is preparing to lay down recommendations for regulating the crypto industry in early 2023.

The collapse of the now-bankrupt crypto exchange, FTX, has triggered regulators from across the globe, with governmental hearings focusing on crypto supervision.

In October 2022, the FSB published a report of high-level recommendations on regulating the crypto industry. The regulatory body planned to finalize these by 2023 after a public comment period.

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