Financial Stability Board Calls for Segregation of Digital Assets and Clear Regulation for Crypto Platforms

Financial Stability Board Calls for Segregation of Digital Assets and Clear Regulation for Crypto Platforms



The Financial Stability Board has issued guidelines that emphasize the need for crypto platforms to separate clients' digital assets from their own funds and establish clear divisions of functions in order to prevent conflicts of interest. The board, an international organization responsible for monitoring the global financial system, has developed a comprehensive regulatory framework for cryptocurrencies. These guidelines have been recommended to the G20, a group of the world's leading economies, and are based on the principle of "same activity, same risk, same regulation."



The FSB's guidelines, released on July 17, consist of two sets of recommendations: one for regulating cryptocurrencies in general and another specifically for global stablecoins. The latter refers to stablecoins that can be used across multiple jurisdictions.


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