Global rules will force crypto firms to introduce basic safeguards: G20 watchdog

Global rules will force crypto firms to introduce basic safeguards: G20 watchdog

FILE PHOTO: Representations of cryptocurrencies are seen in front of displayed words "Cryptocurrency market" and decreasing stock graph in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration/

Globally agreed rules leave crypto firms with no option but to introduce basic safeguards to prevent the blow-ups seen at FTX exchange and other crypto casualties, the G20’s Financial Stability Board said on Monday.