The Bank for International Settlements (BIS) and the Financial Stability Board (FSB) have both published papers ahead of the G20 Finance Ministers and Central Bank Governors meeting. Brazil, the current G20 president, has called for discussions on digital currency. Both organizations released papers on tokenization, highlighting common themes. They emphasized that tokenization is not well understood and carries risks similar to traditional finance, along with unique challenges. The FSB raised concerns about liquidity, leverage, and operational fragilities, while the BIS focused on market structure changes. Despite potential benefits for safety and efficiency, both recommend increased monitoring and regulation by central banks. India has supported global regulatory frameworks for crypto, and the FSB has prioritized tokenization regulation for 2024. The BIS is actively involved in tokenization projects with central banks worldwide. Read more AI-generated news on: https://app.chaingpt.org/news