Full disclosure should be mandatory for crypto companies: FSB report

Companies offering crypto assets and related services should be subject to strong but fair regulations, and need to disclose to clients their governance framework, operations, risk profiles and financial conditions, a report by the global organization Financial Safety Board (FSB) has recommended.

The FSB made its final report on global cryptocurrency regulations public on Monday. It had been tasked by G-20 to frame these regulations in 2022. Many countries, including India, have publicly stated that crypto assets require regulation at an international level, and they won’t bring their own laws governing the digital assets unless the likes of FSB and International Monetary Fund (IMF) come out with their own recommendations.