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.