FSB and IMF Set Roadmap for Crypto Regulation Work Ahead of G-20

The Financial Stability Board and International Monetary Fund published a report on Thursday outlining their framework for responding to the risks that cryptocurrencies pose and listing the next steps the organizations plan to take to address these threats to macroeconomic and financial stability.

Both institutions have long sounded the alarm on how crypto assets could destabilize existing financial systems and impact governments’ ability to set capital controls and manage their economies. The FSB has already recommended cross-border cooperation and information sharing, as well as regulatory oversight of stablecoins, which are coins that are typically pegged to fiat 1:1.

Prepared at ...