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G20 watchdog flags ‘significant gaps’ in crypto regulation worldwide
G20 risk watchdog highlights major regulatory gaps in crypto oversight globally, urging harmonization.
The G20’s Financial Stability Board (FSB) warned of sizable regulatory gaps in global cryptocurrency markets, citing fragmented approaches across jurisdictions. Though some progress has been made since 2023, discrepancies persist—especially around stablecoins and cross-border oversight. The FSB emphasized the urgency of harmonized rules, pointing to crypto’s expansion to over $4 trillion in market size. It urged member nations to adopt consistent legal frameworks and closer cooperation to prevent systemic spillovers from crypto markets into traditional finance.