Financial Stability Board releases framework for global crypto-asset regulation

The Financial Stability Board, an international body that monitors and makes recommendations about the global financial system, has finalized its global regulatory framework for crypto-asset activities and published several “high-level” recommendations for the regulation, supervision, and oversight of the crypto industry and markets.

The watchdog said the framework and recommendations were developed based on feedback received during its public consultation and an in-depth review of the events that took place in the crypto industry during the past year.