An influential global financial watchdog has made a series of sweeping recommendations for the regulation of digital assets—including provisions that could potentially see
Coinbase
Global and other major crypto players broken up.
In a letter to Group of 20 (G-20) finance ministers and central bank governors Tuesday, Klaas Knot—the chair of the Financial Stability Board and president of the Dutch central bank—warned over risks that crypto poses to investors and market confidence.