FSB Delivers ‘Directory of Cryptoassets Regulators’ to G20 Finance Meeting

Regulations United States Worldwide
Mark Knowles
Written by Mark Knowles

The Financial Stability Board (FSB) delivered its “Crypto-assets regulators directory” to the G20 Finance Ministers and Central Bank Governors Meeting in Washington DC.

The FSB, an international body that monitors and makes recommendations for the global financial system, said that the guide will “provide information on the relevant regulators and other authorities in FSB jurisdictions and standard-setting bodies who are dealing with crypto-assets issues, and the aspects covered by them”.

Covering 22 countries, the European Union, and seven international organizations, the directory lists regulators and other authorities dealing with cryptoassets and provides an overview of their work and regulatory scope.

The directory is a part of FSB’s ongoing crypto-related efforts. In its October 2018 report entitled “Crypto-asset markets: Potential channels for future financial stability implications” the organization stated that while cryptoassets “do not pose a material risk to global financial stability at this time” they still required “vigilant monitoring… in light of the speed of market developments”.

The FSB also undertakes regular monitoring of the financial stability implications of developments in cryptoassets, using a framework developed in collaboration with the Committee on Payments and Market Infrastructures.

Chaired by US Federal Reserve Vice Chairman for Supervision Randal K Quarles, the FSB brings together national authorities responsible for financial stability in 24 countries and jurisdictions, international financial institutions, sector-specific international groupings of regulators and supervisors, and committees of central bank experts.

About the author

Mark Knowles

Mark Knowles

Coinlaw Multi-Jurisdiction Blockchain News
Mark Knowles is the Executive Editor of coinlaw.io
With more than a decade of experience as a journalist and editor, Mark has now turned his focus to the blockchain and cryptocurrency revolution that is currently reshaping the global economy. As Executive Editor at Coinlaw Mark is working to create a website that is a hub for the international crypto community to find the latest legal news, legislative changes and expert opinion from across the industry. Contact him at [email protected] or through mobile on +66 (0) 98 705 2716.

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