G20: Issued FSB recommendations for International Regulation of Crypto-asset Activities

On 17 July 2023, the Financial Stability Board (FSB) published its finalised recommendations to the G20 for a Regulation framework of Crypto-asset Activities. The framework is based on the principle of "same activity, same risk, same regulation" and is split up into two parts. The first part includes the high-level recommendations for the regulation, supervision and oversight of crypto-asset activities and markets, including nine recommendations, and the second, high-level recommendations for the regulation, supervision and oversight of global stablecoin arrangements, including ten recommendations. The FSB recommendations seek to promote international cooperation for the creation of a consistent and comprehensive regulatory framework for crypto-asset activities.