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The High-level Recommendations seek to promote consistent and effective regulation, supervision and oversight of global stablecoin arrangements (GSCs) across jurisdictions to address the potential financial stability risks they pose, both at the domestic and international level, while supporting responsible innovation and providing sufficient flexibility for jurisdictions to implement domestic approaches.
The recommendations are addressed to financial regulatory, supervisory and oversight authorities at a jurisdictional level. They should be applied by individual authorities to the extent they fall within the authorities’ remits.