Coinspeaker
FSB Finalizes Global Regulatory Framework for Crypto
The Financial Stability Board (FSB), an international body that oversees and advises on the global financial system, has come up with the final version of the global regulatory framework for crypto-asset activities. Basically, the document released by FSB consists of recommendations for companies involved in crypto activity, and these recommendations are divided into two parts:
high-level recommendations for the regulation, supervision and oversight of crypto-asset activities and markets;
revised high-level recommendations for the regulation, supervision, and oversight of “global stablecoin” arrangements.
The aim of FSB was to provide a regulatory framework that would comply with the principle of “same activity, same risk, same regulation” and cover all possible risks related to crypto activity. According to FSB, crypto-asset activities must be regulated based on their economic functions and the risks they pose.
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