FSB Chair Klaas Knot’s letter to the G20 Finance Ministers and Central Bank Governors ahead of their July meeting in Bali.
Crypto Assets
FSB Chair’s letter presents the FSB’s report on exit strategies to support equitable recovery and address effects from COVID-19 scarring in the financial sector; discusses the FSB’s role coordinating the international regulation of crypto-assets; and reviews progress under the FSB roadmap for addressing climate-related financial risks.
This statement outlines work being undertaken by the FSB and international standard-setting bodies to address the potential financial stability risks posed by crypto-assets, including so-called stablecoins.
11 July 2022
Statement reaffirms FSB’s commitment to promote international consistency of regulatory and supervisory approaches and facilitate cross-border and cross-sector cooperation amongst national authorities and international standard-setters as they work towards developing risk-based and technology-neutral policy for the wide spectrum of crypto-assets, grounded in the principle of “same, activity, same risk, same regulation”.