FSB consults on regulation of crypto assets and markets

The Financial Stability Board has published a consultative report including some high level recommendations aimed at promoting consistent and comprehensive treatment of crypto-asset activities and markets.

The 9 recommendations include:

  • that supervision should be proportionate to the risk posed;
  • that crypto-asset issuers and service providers should have a comprehensive governance framework; and
  • that, as appropriate, authorities should require providers to have effective risk management frameworks and data storage and reporting mechanisms.

It asks for comment by 15 December.

Emma Radmore