Paper describes how the policy and regulatory frameworks for crypto-assets developed by the IMF and the FSB (alongside standard-setting bodies) fit together and interact with each other.
Report sets out progress over the past year and planned work under the FSB’s work programme to enhance the resilience of non-bank financial intermediation (NBFI).
Framework consists of two distinct recommendations for the regulation, supervision and oversight of crypto-asset markets and activities and “global stablecoin arrangements”.
Final recommendations seek to promote the comprehensiveness and greater international consistency of regulatory and supervisory approaches to crypto-asset activities and markets, including crypto-asset issuers and service providers.
High-level Recommendations seek to promote consistent and effective regulation, supervision and oversight of global stablecoins across jurisdictions to address the potential financial stability risks they pose.
Annual report takes stock of progress by standard-setting bodies and other international organisations on the actions coordinated through the Roadmap and outlines areas for further attention.
