"FSB's Global Crypto Framework Recommendations: Finalized and Ready for Implementation"
The Financial Stability Board (FSB) has finalized its recommendations for a global regulatory framework for cryptocurrencies, urging the G20 countries to adopt guidelines that promote the segregation of clients' digital assets from platform funds and the clear separation of functions to avoid conflicts of interest. The FSB emphasizes the need for tight cross-border cooperation and oversight, while also recognizing the importance of privacy. The guidelines also address the regulation of global stablecoins, requiring issuers to have identifiable governance bodies and hold reserve assets in a 1:1 minimal proportion. The FSB will review the implementation of these recommendations by the end of 2025.