Implementation of global regulatory framework for cryptoassets and stablecoins - Executive Summary

The rapid growth of cryptoasset markets and the increasing integration of stablecoins into financial systems have prompted the Financial Stability Board (FSB) to take action. In July 2023, the FSB published its global regulatory framework for cryptoasset activities (FSB Crypto Framework), consisting of high-level recommendations for cryptoasset activities and markets (CA recommendations) and revised recommendations for global stablecoin arrangements (GSC recommendations), based on the principle of “same activity, same risk, same regulation”.