[FSB And BIS Warn Of Tokenization Risks And Call For Stronger Regulation] The Financial Stability Board (FSB) And The Bank For International Settlements (BIS) Pointed Out The Risks Of Tokenization In Their Latest Reports And Called For Stronger Regulation. In A Letter To G20 Countries, FSB Chairman Klaas Knot Said That If Tokenization Is Expanded On A Large Scale, It May Have An Impact On Financial Stability. The FSB Report Pointed Out That The Three Major Vulnerabilities Involved In Tokenization Include The Underlying Assets Being Tokenized, The Participants In DLT Projects, And The Interaction Between New Technologies And Traditional Systems. The FSB Also Released An Update To The Cryptocurrency Roadmap, Warning Countries Of Inconsistencies In Implementing Measures. Countries Around The World Are Exploring Tokenization. The FSB Listed It As A Monitoring Focus As Early As The Beginning Of This Year. In September, More Than 40 Companies Joined The BIS To Explore Tokenization For Cross-border Payments. In A Report Submitted To The G20 On Monday, The BIS Pointed Out That Tokenization May Bring Benefits Such As Reducing Friction In Trading Systems, But It May Also Trigger Credit, Liquidity And Network Risks. The Report Also Mentioned That Token Arrangements May Change Market Structure, Lead To Conflicts Of Interest, And Called For Sound Governance