{"id":25730,"date":"2023-09-25T12:18:55","date_gmt":"2023-09-25T12:18:55","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=25730"},"modified":"2023-10-12T09:35:23","modified_gmt":"2023-10-12T09:35:23","slug":"crypto-stability-imf-fsb-recommendations","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations","title":{"rendered":"High-Level Regulatory Recommendations of the IMF-FSB Document"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#High-Level_Recommendations_for_Crypto-Asset_Activities_and_Markets\" title=\"High-Level Recommendations for Crypto-Asset Activities and Markets\">High-Level Recommendations for Crypto-Asset Activities and Markets<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_1_Regulatory_Powers_and_Tools\" title=\"Recommendation 1: Regulatory Powers and Tools\">Recommendation 1: Regulatory Powers and Tools<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_2_General_Regulatory_Framework\" title=\"Recommendation 2: General Regulatory Framework\">Recommendation 2: General Regulatory Framework<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_3_Cross-Border_Cooperation\" title=\"Recommendation 3: Cross-Border Cooperation\">Recommendation 3: Cross-Border Cooperation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_4_Governance\" title=\"Recommendation 4: Governance\">Recommendation 4: Governance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_5_Risk_Management\" title=\"Recommendation 5: Risk Management\">Recommendation 5: Risk Management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_6_Data_Collection_and_Reporting\" title=\"Recommendation 6: Data Collection and Reporting\">Recommendation 6: Data Collection and Reporting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_7_Disclosures\" title=\"Recommendation 7: Disclosures\">Recommendation 7: Disclosures<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_8_Addressing_Financial_Stability_Risks\" title=\"Recommendation 8: Addressing Financial Stability Risks\">Recommendation 8: Addressing Financial Stability Risks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_9_Regulation_of_Service_Providers_with_Multiple_Functions\" title=\"Recommendation 9: Regulation of Service Providers with Multiple Functions\">Recommendation 9: Regulation of Service Providers with Multiple Functions<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#High-Level_Recommendations_for_Global_Stablecoin_Arrangements\" title=\"High-Level Recommendations for Global Stablecoin Arrangements\">High-Level Recommendations for Global Stablecoin Arrangements<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_1_Authorities_Readiness\" title=\"Recommendation 1: Authorities\u2019 Readiness\">Recommendation 1: Authorities\u2019 Readiness<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_2_Comprehensive_Oversight\" title=\"Recommendation 2: Comprehensive Oversight\">Recommendation 2: Comprehensive Oversight<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_3_Cross-Border_Cooperation-2\" title=\"Recommendation 3: Cross-Border Cooperation\">Recommendation 3: Cross-Border Cooperation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_4_Governance_Structures\" title=\"Recommendation 4: Governance Structures\">Recommendation 4: Governance Structures<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_5_Risk_Management-2\" title=\"Recommendation 5: Risk Management\">Recommendation 5: Risk Management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_6_Data_Storage_and_Access\" title=\"Recommendation 6: Data Storage and Access\">Recommendation 6: Data Storage and Access<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_7_Recovery_and_Resolution\" title=\"Recommendation 7: Recovery and Resolution\">Recommendation 7: Recovery and Resolution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_8_Disclosures\" title=\"Recommendation 8: Disclosures\">Recommendation 8: Disclosures<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_9_Redemption_Rights_and_Stabilization\" title=\"Recommendation 9: Redemption Rights and Stabilization\">Recommendation 9: Redemption Rights and Stabilization<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Recommendation_10_Conformance_with_Regulations\" title=\"Recommendation 10: Conformance with Regulations\">Recommendation 10: Conformance with Regulations<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Policy_Implementation_Roadmap\" title=\"Policy Implementation Roadmap\">Policy Implementation Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/zebpay.com\/in\/blog\/crypto-stability-imf-fsb-recommendations\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>Crypto and blockchain technology have taken the financial world by storm, offering innovative ways to conduct transactions and invest. However, this rapidly evolving industry also poses unique challenges for regulators and authorities worldwide. To maintain financial stability and protect consumers, high-level recommendations for the regulation, supervision, and oversight of crypto-asset activities and markets have been proposed. In addition, these recommendations extend to the regulation of global stablecoin arrangements, which have gained significant attention in recent years. In this blog post, we&#8217;ll delve into these essential recommendations and their implications for the crypto landscape.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"High-Level_Recommendations_for_Crypto-Asset_Activities_and_Markets\"><\/span>High-Level Recommendations for Crypto-Asset Activities and Markets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_1_Regulatory_Powers_and_Tools\"><\/span>Recommendation 1: Regulatory Powers and Tools<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The first recommendation emphasises the importance of authorities having the necessary powers, tools, and resources to regulate and supervise crypto-asset activities effectively. This is crucial to ensure that relevant laws and regulations are enforced appropriately.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_2_General_Regulatory_Framework\"><\/span>Recommendation 2: General Regulatory Framework<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The second recommendation highlights the need for a comprehensive regulatory framework for crypto-assets. It should be applied proportionately to the financial stability risks posed by different crypto-asset activities, adhering to the principle of &#8220;same activity, same risk, same regulation.&#8221;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_3_Cross-Border_Cooperation\"><\/span>Recommendation 3: Cross-Border Cooperation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>To foster effective communication and regulatory consistency, authorities should cooperate and coordinate with each other, both domestically and internationally.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_4_Governance\"><\/span>Recommendation 4: Governance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Crypto-asset issuers and service providers should establish and disclose a governance framework with clear lines of responsibility and accountability. This framework should be proportionate to the risks and complexity of their operations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_5_Risk_Management\"><\/span>Recommendation 5: Risk Management<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Crypto-asset service providers must implement effective risk management frameworks that address all significant risks. Authorities should ensure that financial stability risks are appropriately addressed.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_6_Data_Collection_and_Reporting\"><\/span>Recommendation 6: Data Collection and Reporting<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Robust data collection, storage, and reporting frameworks should be in place, with authorities having access to necessary data to fulfil their regulatory mandates.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_7_Disclosures\"><\/span>Recommendation 7: Disclosures<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Crypto-asset issuers and service providers must provide comprehensive, clear, and transparent information to users and stakeholders regarding their operations, risk profiles, and financial conditions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_8_Addressing_Financial_Stability_Risks\"><\/span>Recommendation 8: Addressing Financial Stability Risks<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Authorities should identify and monitor interconnections within the crypto-asset ecosystem and address financial stability risks arising from these interdependencies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_9_Regulation_of_Service_Providers_with_Multiple_Functions\"><\/span>Recommendation 9: Regulation of Service Providers with Multiple Functions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Service providers with multiple functions should be subject to appropriate regulation that addresses the associated risks, including conflicts of interest and separation of functions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"High-Level_Recommendations_for_Global_Stablecoin_Arrangements\"><\/span>High-Level Recommendations for Global Stablecoin Arrangements<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"1024\" height=\"384\" src=\"https:\/\/zebpay.com\/in\/wp-content\/uploads\/2023\/09\/High-Level-Recommendations-for-Global-Stablecoin-Arrangements-1024x384.jpg\" alt=\"High-Level Recommendations for Global Stablecoin Arrangements\" class=\"wp-image-25731\" srcset=\"https:\/\/zebpay.com\/in\/wp-content\/uploads\/2023\/09\/High-Level-Recommendations-for-Global-Stablecoin-Arrangements-1024x384.jpg 1024w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2023\/09\/High-Level-Recommendations-for-Global-Stablecoin-Arrangements-300x113.jpg 300w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2023\/09\/High-Level-Recommendations-for-Global-Stablecoin-Arrangements-768x288.jpg 768w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2023\/09\/High-Level-Recommendations-for-Global-Stablecoin-Arrangements-150x56.jpg 150w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2023\/09\/High-Level-Recommendations-for-Global-Stablecoin-Arrangements.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_1_Authorities_Readiness\"><\/span>Recommendation 1: Authorities\u2019 Readiness<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Authorities should have the necessary powers and resources to regulate and oversee global <a href=\"https:\/\/zebpay.com\/in\/blog\/what-is-a-stablecoin\" target=\"_blank\" rel=\"noreferrer noopener\">stablecoin<\/a> (GSC) arrangements effectively.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_2_Comprehensive_Oversight\"><\/span>Recommendation 2: Comprehensive Oversight<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Comprehensive regulatory and supervisory requirements should be applied to GSC arrangements in line with international standards, proportionate to their risks.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_3_Cross-Border_Cooperation-2\"><\/span>Recommendation 3: Cross-Border Cooperation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Authorities should cooperate internationally to ensure comprehensive regulation and supervision of GSC arrangements across borders and sectors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_4_Governance_Structures\"><\/span>Recommendation 4: Governance Structures<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>GSC arrangements should establish clear governance frameworks with accountability for all functions and activities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_5_Risk_Management-2\"><\/span>Recommendation 5: Risk Management<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Effective risk management frameworks should be in place addressing operational resilience, cybersecurity, AML\/CFT measures, and &#8220;fit and proper&#8221; requirements.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_6_Data_Storage_and_Access\"><\/span>Recommendation 6: Data Storage and Access<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Robust data collection and storage frameworks should be implemented, with authorities having necessary access.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_7_Recovery_and_Resolution\"><\/span>Recommendation 7: Recovery and Resolution<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>GSC arrangements should have appropriate recovery and resolution plans.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_8_Disclosures\"><\/span>Recommendation 8: Disclosures<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>GSC issuers and participants must provide transparent information on governance, conflicts of interest, redemption rights, and more.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_9_Redemption_Rights_and_Stabilization\"><\/span>Recommendation 9: Redemption Rights and Stabilization<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>GSC arrangements should guarantee timely redemption, and stability mechanisms, and meet prudential requirements.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recommendation_10_Conformance_with_Regulations\"><\/span>Recommendation 10: Conformance with Regulations<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>GSC arrangements must meet all regulatory requirements before commencing operations in a jurisdiction.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Policy_Implementation_Roadmap\"><\/span>Policy Implementation Roadmap<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The increasing adoption of crypto-assets in the global financial system has prompted the development of international standards to guide their regulation and implementation. The IMF and FSB, along with SSBs, have introduced policy approaches to ensure that jurisdictions worldwide adopt comprehensive, consistent, and complementary measures. These approaches aim to promote and oversee the effective implementation of these standards. Additionally, the IMF and FSB, alongside other international organizations and SSBs, have created a flexible and coordinated roadmap for implementing the comprehensive crypto-assets policy framework. Key elements of the roadmap include policy framework implementation, outreach to non-G20 jurisdictions, global coordination, cooperation, information sharing, and addressing data gaps. Progress will be reported at Finance Ministers&#8217; and Central Bank Governors&#8217; meetings, in conjunction with FATF on AML\/CFT efforts.<\/p>\n\n\n\n<p>Read more: <a href=\"https:\/\/zebpay.com\/blog\/g20-discussions-on-crypto-regulations\" target=\"_blank\" rel=\"noreferrer noopener\">G20 Discussions on Crypto Regulation<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The crypto industry is evolving rapidly, and regulatory authorities are taking proactive steps to ensure its stability and accountability. High-level recommendations provide a roadmap for regulators to navigate this complex landscape, emphasizing cooperation, proportionality, and transparency. As these recommendations are adopted and implemented globally, they will play a vital role in shaping the future of crypto-assets and global stablecoins, promoting financial stability and safeguarding the interests of consumers and stakeholders.<\/p>\n\n\n\n<p>Stay upto date with the latest crypto news on <a href=\"https:\/\/zebpay.com\/in\/blog\" target=\"_blank\" rel=\"noreferrer noopener\">ZebPay blogs<\/a>. Get started with crypto trading in a flash with ZebPay.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color wp-element-button\" href=\"https:\/\/connect.zebpay.com\/account\/login?returnUrl=%2Fconnect%2Fauthorize%2Fcallback%3Fclient_id%3Deee7baaa-9d6c-43f1-9eb6-8174f62cd244%26redirect_uri%3Dhttps%253A%252F%252Fzebpay.com%252Fapp%26response_type%3Did_token%2520token%26scope%3Dopenid%2520profile%2520wallet%253Atransactions%253Aread%2520trade%253Aread%2520trade%253Acreate%2520wallet%253Aaddress%253Acreate%2520wallet%253Aaddress%253Aread%2520wallet%253Atransactions%253Asend%26state%3D2bcf9ae401684596806e7b48d0bb6cd5%26nonce%3D0382cbd96a214782b947002ebdd40031\" target=\"_blank\" rel=\"noreferrer noopener\">Trade now<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto and blockchain technology have taken the financial world by storm, offering innovative ways to conduct transactions and invest. However, this rapidly evolving industry also poses unique challenges for regulators and authorities worldwide. To maintain financial stability and protect consumers, high-level recommendations for the regulation, supervision, and oversight of crypto-asset activities and markets have been [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":25732,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[303],"tags":[16],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/25730"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=25730"}],"version-history":[{"count":3,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/25730\/revisions"}],"predecessor-version":[{"id":26037,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/25730\/revisions\/26037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/25732"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=25730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=25730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=25730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}