IMF and FSB Collaborate to Publish Crypto Asset Regulation Recommendations
Summary:
IMF and FSB have jointly published a policy paper with recommendations for regulating crypto asset activities, including stablecoins and decentralized finance (DeFi). The paper aims to provide guidance to jurisdictions on addressing risks, with a focus on aligning frameworks and policies. No new policies or expectations are included in the paper.
The IMF and FSB have jointly released a paper of policy recommendations, as requested by the Indian G20 Presidency. This paper aims to unify standards and consolidate collective recommendations, offering guidance to jurisdictions on managing risks associated with crypto asset activities. The recommendations cover the regulation of stablecoins and decentralized finance (DeFi), and outline how the regulatory frameworks and policies of the IMF and FSB can coexist. It's important to note that the paper does not introduce new policies, recommendations, or expectations for relevant authorities.
Published At
9/7/2023 10:40:06 AM
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