On 14 April 2020, the FSB published a consultation document on Addressing the regulatory, supervisory and oversight challenges raised by “global stablecoin” arrangements. Interested parties were invited to provide written comments by 15 July 2020. The public comments received are available below.

The FSB thanks those who took the time and effort to express their views. The FSB expects to publish a summary of findings and final recommendations in October 2020.


Association pour le développement des actifs numériques (ADAN)

Austrian Financial Market Authority (FMA), Austrian National Bank (OeNB) and Austrian Ministry of Finance

Banca Sella



Bitcoin Association Switzerland

Blockchain and Virtual Currencies Regulatory Working Group

Blockchain Association

BNP Paribas

Canadian Bankers Association


Chamber of Digital Commerce

Christopher Calabia

Circle and Coinbase

CLS Bank International

Crypto Valley Association

Decentralised Finance Working Group

Denmark's Ministry of Industry, Business and Financial Affairs

Deutsche Börse

Dr. Iwa Salami

Dr. Douglas Jackson

Dr. Ousmène Jacques Mandeng

Dr. Pavel Burkov

Durand Lawyers


European Central Securities Depositories Association (ECSDA)

Finance Watch

Global Financial Markets Association (GFMA)

Global Stability Union

Institute of International Finance (IIF)

Intesa Sanpaolo

Italian Banking Association (ABI)

Japanese Bankers Association

Korea Securities Depository

Libra Association

Meti Advisory AG

NGO Bitcoin Argentina

Novera Capital



SIA Group

Standard Bank Group

State Street Bank


University of Zurich Blockchain Center


World Council of Credit Unions

World Federation of Exchanges

XReg Consulting