FSB finally publishes global regulatory framework for crypto activities
The Financial Stability Board (FSB) has completed its global regulatory framework for crypto asset activities, aiming to enhance the consistency and comprehensiveness of regulatory and supervisory practices on an international scale. Built on the principle of ‘same activity, same risk, same regulation,’ this framework establishes a solid foundation for enforcing consistent and comprehensive regulations for crypto asset activities and stablecoins, taking into account the associated risks and fostering responsible developments. Avoiding conflicts of interest On July 17, the Financial Stability Board (FSB), the world’s most known global financial watchdog group, released a public note along with two guideline documents, focusing on the regulation of crypto currencies and global stablecoins. The guidelines, which were initially suggested to be released in early 2023, encompass high-level recommendations for crypto regulation in general, as well as revised high-level reco...