Sixteen years after Bitcoin’s launch, global regulators are still struggling to establish consistent oversight of cryptocurrencies — and privacy laws are a major obstacle, according to the Financial Stability Board (FSB), the G20-backed financial risk watchdog.
FSB Flags Data-Sharing Barriers
In a 107-page peer review report released Thursday, the FSB said that inconsistent regulatory frameworks and strict privacy laws are hindering cross-border cooperation on crypto oversight. The watchdog noted that data confidentiality rules in several jurisdictions prevent regulators and local firms from sharing essential information with authorities abroad.
“Secrecy or data privacy laws may pose significant barriers to cooperation,” the FSB warned, adding that fears of data misuse or lack of reciprocal transparency often delay or block collaboration between regulators.
Implementation status of FSB’s policy recommendations in crypto regulation
Fragmented Oversight and Regulatory Gaps
The FSB also criticized the fragmented regulatory landscape, where different agencies within the same country oversee different aspects of crypto markets. This disjointed approach, it said, leads to regulatory arbitrage, data gaps, and market fragmentation — issues that could threaten financial stability if left unresolved.
The report called for greater alignment of crypto regulations among countries and urged policymakers to revisit privacy frameworks that restrict information exchange critical for global supervision.
Data Accuracy Remains a Concern
Beyond privacy hurdles, the FSB found that crypto data providers often lack accuracy and consistency. With limited regulatory data, most authorities rely on commercial analytics platforms and surveys, which can produce incomplete or biased results.
Despite having raised these concerns nearly four years ago, the watchdog noted little progress in improving the quality of crypto market data.
The FSB’s findings highlight a persistent tension between privacy protection and regulatory transparency. While the crypto community defends privacy as a fundamental human right, the G20 body argues that better data access is crucial to prevent systemic risks and improve oversight of global crypto activity.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
We use cookies to personalize content and ads, provide social media features, and analyze our traffic. In accordance with GDPR/AVG and EU cookie regulations, data is processed only with your consent. We may share information about your use of our website with our social media, advertising, and analytics partners, and you can manage or withdraw your consent at any time. View more
Cookies settings
Accept
Privacy & Cookie policy
Privacy & Cookies policy
Cookies list
Cookie name
Active
Privacy Policy
At BitxJournal.com, we respect your privacy and are committed to protecting your personal data. This Privacy Policy explains how we collect, process, store, and protect personal information in accordance with the General Data Protection Regulation (GDPR) and AVG (EU privacy legislation).
1. Data Controller
BitxJournal.com acts as the data controller for all personal data processed through this website.
2. Personal Data We Collect
We may collect and process the following categories of data:
Personal Data
Name and email address (when you subscribe to newsletters or contact us)
Technical & Usage Data
IP address, browser type, operating system
Device information
Pages visited, referral sources, and interaction data
This data is collected via cookies, log files, and analytics technologies.
3. Legal Basis for Processing
We process personal data only when a lawful basis exists, including:
Consent – when you explicitly agree (e.g., cookies, newsletter sign-up)
Legitimate interest – to operate, secure, and improve our website
Legal obligation – when required by applicable laws
You may withdraw your consent at any time.
4. Purpose of Data Processing
Your data is processed for the following purposes:
Operating and maintaining the website
Improving content, usability, and performance
Sending newsletters or updates (only with consent)
Analyzing traffic and user behavior
Responding to inquiries or support requests
5. Cookies & Consent Management
We use cookies and similar technologies in compliance with EU Cookie Law.
Non-essential cookies are placed only after explicit user consent
Users may accept, reject, or manage cookie preferences at any time
Consent can be withdrawn without affecting prior lawful processing
Detailed cookie information is available in our Cookie Settings panel.
6. Third-Party Data Processing
We may share limited data with trusted third-party service providers, including:
Analytics providers (e.g., Google Analytics)
Advertising partners (for personalized or non-personalized ads)
These third parties act as data processors and process data only under contractual obligations compliant with GDPR/AVG.
7. International Data Transfers
Where data is transferred outside the European Economic Area (EEA), we ensure appropriate safeguards are in place, such as Standard Contractual Clauses (SCCs) or equivalent legal mechanisms.
8. Data Retention
We retain personal data only for as long as necessary to fulfill the purposes outlined in this policy or as required by law.
9. Data Security
We implement appropriate technical and organizational security measures to protect personal data against unauthorized access, alteration, disclosure, or destruction.
10. Your GDPR Rights
Under GDPR/AVG, you have the right to:
Access your personal data
Rectify inaccurate or incomplete data
Request data erasure (“right to be forgotten”)
Restrict or object to processing
Data portability
Withdraw consent at any time
Lodge a complaint with a supervisory authority
11. Changes to This Privacy Policy
We reserve the right to update this Privacy Policy at any time. Any changes will be posted on this page with a revised effective date.
12. Contact Information
For privacy-related inquiries or GDPR requests, contact:
