Bank of England Governor Nominated to Lead G20 Cryptocurrency Regulation Body FSB

Blockbeats
Apr 08

BlockBeats News, April 8th, Andrew Bailey, Governor of the Bank of England (BoE), has been nominated to serve as the next Chair of the Financial Stability Board (FSB) of the G20 financial regulatory organization. The Financial Stability Board Nominations Committee has agreed that Andrew Bailey will take up the position from early July for a term of three years.

The G20 has tasked the Financial Stability Board with coordinating the development of a regulatory framework for crypto assets. Andrew Bailey currently serves as the Chair of the Financial Stability Board's Standing Committee on Supervisory Cooperation. During his term, Andrew Bailey is responsible for overseeing the development of the Financial Stability Board's global regulatory framework for crypto asset activities and the implementation roadmap for crypto assets.

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