FSB High-Level Recommendations for the Regulation of Crypto-Asset Activities
The Financial Stability Board published high-level recommendations establishing principles-based global standards for the regulation of crypto-asset activities. The framework applies "same activity, same risk, same regulation" and calls for cross-border cooperation to prevent regulatory arbitrage. Recommendations cover governance, risk management, client asset segregation, and market integrity.
Materiality
Horizon
Medium Term
Source Type
supervisory guidance
Published
1 August 2023
AI Commentary
FSB recommendations are non-binding but carry significant weight as a convergence anchor for non-EU jurisdictions. Expect APRA, MAS, and OSFI to reference this framework in future domestic rule-making. The stablecoin annex is particularly relevant for institutions exploring tokenised deposit products.
Related Themes
1 theme