FSB on regulation of crypto-assets
Against the backdrop of the recent market turmoil, the Financial Stability Board (FSB) has published a statement on the international regulation and supervision of crypto-asset activities. “Crypto-assets and markets must be subject to effective regulation and oversight commensurate to the risks they pose, both at the domestic and international level,” it affirms. The principle of “same activity, same risk, same regulation” is an essential one, both in applying relevant existing requirements and in moving forward to address the potential financial stability risks posed by crypto-assets and ensure that they are subject to robust regulation and supervision.
