Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018. REUTERS/Dado Ruvic/Illustration
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The aim of the new framework is to spot any financial stability risks early enough to take action.The Financial Stability Board, which coordinates financial regulation for the Group of 20 Economies, said the framework focuses on how risks from cryptoasset markets could spread to other parts of the financial system.The FSB framework also includes trading volumes, pricing, clearing and margining for derivatives linked to cryptoassets, such as the bitcoin futures launched by CME Group last December.Cryptoassets in general and cryptoasset trading platforms do not pose global financial stability risks, but they raise other significant concerns, including consumer and investor protection, market integrity and money laundering/terrorism financing, the FSB said.
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