The Financial Stability Board (FSB) is seeking feedback from stakeholders as part of its thematic peer review on the implementation of its global regulatory framework for crypto asset activities. The framework consists of two sets of high-level recommendations for the regulation, supervision and oversight of (i) crypto-asset activities and markets, and (ii) “global stablecoin” arrangements.
The FSB has distributed a questionnaire to relevant jurisdictions to collect information. In addition, as part of this peer review, the FSB invites feedback from stakeholders on the following issues:
- Impact of jurisdictional regulatory frameworks on decisions of crypto asset issuers and service providers (including stablecoin arrangements) to locate and structure their business.
- Experiences and challenges faced by crypto asset market participants to meet the relevant regulatory and supervisory requirements.
- How financial stability vulnerabilities of crypto asset activities, including stablecoins, differ across jurisdictions (e.g. based on the scale and materiality of the adoption of services) and how vulnerabilities are evolving (e.g. in type or magnitude) as jurisdictions implement relevant regulatory and supervisory frameworks.
- Whether there are specific market practices and/or trends in certain geographies and/or segments that may pose a threat to financial stability.