FSB Identifies Data Privacy as a Major Obstacle to Global Crypto Regulation

The Financial Stability Board (FSB) has highlighted the challenge of data privacy in regulating global cryptocurrencies. The FSB’s report reveals that varying privacy laws across countries are creating obstacles for cross-border cooperation, hindering effective oversight and potentially fueling market fragmentation. Experts warn that these legal barriers impede the sharing of crucial information needed to identify systemic risks and foster coordinated responses to emerging issues within the cryptocurrency market.