FSB also plans to complete work on the financial stability implications of tokenization in 2024
According to Cointelegraph, the Financial Stability Board (FSB) an organisation overseeing the global financial system published its plans for 2024. The FSB Work Programme for 2024 is expected to include tracking the implementation of its global regulatory framework for crypto-asset activities and the financial implications of digital innovations, such as tokenisation and artificial intelligence (AI).
With insights from the publication, a focus for 2024 is ensuring the implementation of the agreed global regulatory and supervisory framework for crypto-asset activities, markets and international stablecoin arrangements, added Cointelegraph.
The guidelines are expected to recommend to the G20 that crypto platforms must segregate clients’ digital assets from their funds and separate functions. This is to avoid conflict of interest, with regulators ensuring tight cross-border cooperation and oversight.
Sources revealed that the FSB also plans to complete work on the financial stability implications of tokenisation in 2024. Furthermore, the recent developments in AI and their impact on financial stability and its efforts to enhance cyber resilience will also be noted, concluded Cointelegraph.
(With insights from Cointelegraph)
Source:financialexpress.com