FSB unveils crypto regulation framework
Recommendations were toughened to reflect failure of FTX and terraUSD/luna stablecoin
The Financial Stability Board has finalised its regulatory framework for the oversight of crypto assets and stablecoins, marking the culmination of a multi-year effort to tackle risks in the fast-growing sector.
Two reports published today (July 17) set out recommendations for the regulation, supervision and oversight of crypto asset activities and markets, and global stablecoin arrangements.
The FSB said it developed the framework on the principle of “same activity, same risk, same regulation
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