The Financial Stability Board (FSB) is conducting a thematic peer review to assess the implementation progress of its global regulatory framework for crypto-asset activities. This review aims to gather insights from FSB member and select non-member jurisdictions on their experiences, including any lessons learned.
To facilitate this process, the FSB has distributed a questionnaire to relevant jurisdictions. Additionally, it is seeking feedback from stakeholders on several key issues related to crypto-asset regulation. These issues include the impact of jurisdictional regulatory frameworks on business decisions made by crypto-asset issuers and service providers, including those involving stablecoin arrangements. The FSB also seeks input on the experiences and challenges faced by market participants in meeting regulatory and supervisory requirements.
Another focus area is understanding how financial stability vulnerabilities associated with crypto-asset activities vary across different jurisdictions. This includes examining how these vulnerabilities evolve as countries implement regulatory and supervisory frameworks.
Stakeholders are invited to submit their feedback by March 28, 2025, via email under the subject heading “FSB Thematic Peer Review on global crypto.” It should be noted that individual submissions will remain confidential. The final peer review report is scheduled for publication in October 2025.