FSB Reveals 2024 Roadmap for Crypto Regulations and Cross-Border Payments
The Financial Stability Board (FSB) has released its 2024 roadmap with plans to steer crypto regulations, cross-border payments, and broader issues in global finance.
The international financial body created by the G20 revealed its plans for the current year. The main focus revolves around digitization and harmonization to develop financial markets with special references to cryptocurrencies and tokenization.
We have published our 2024 work programme, which outlines our priorities and provides a timeline for our planned reports. Find out more:https://t.co/Mca17lj94A pic.twitter.com/PAfkx5b50a
— The FSB (@FinStbBoard) January 24, 2024
Highlighting financial stability as a key component of its roadmap, the report states that vulnerabilities in financial markets continue to grow, as seen in high interest rates and a clear lack of uniformity.
This can also be seen in the crypto asset market with challenges that make global cooperation difficult.
Details from the roadmap show the organization will identify and address emerging risks in financial markets and increase monitoring vulnerabilities in new technologies and non-bank financial intermediations.
Cross-border payments dominated narratives at the G20 and FSB last year as both groups partnered on a comprehensive template and rules to achieve all objectives before 2027.
