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��ݮtv FMA submits response to FSB consultation on International Regulation of Crypto-asset Activities.

On October 11, 2022, the Financial Stability Board (FSB) published a proposed framework for the international regulation of crypto-asset activities. The core components of this framework were proposals for: 

recommendations that promote the consistency and comprehensiveness of regulatory, supervisory and oversight approaches to crypto-asset activities and markets and strengthen international cooperation, coordination and information sharing; and

revised high-level recommendations for the regulation, supervision, and oversight of “global stablecoin” arrangements to address associated financial stability risks more effectively. 

Consequently, the above recommendations were placed for public consultation and ��ݮtv FMA, following the example of previous and analogous situations, gathered a group of specialists and responded to the 15 questions addressed by the FSB, on December 15th:

1. FSB - International Regulation of Crypto-asset Activities - Questions for Consultation and ��ݮtv FMA Answers._Annex1.

Considering the distinguished experts, who worked diligently on this project and the crucial involvement of the members of the Digital Assets Committee (DAC), ��ݮtv FMA considers that it is well positioned to offer valuable contributions and that the presented submissions on the topics under analysis, may be considered on the final result to the two sets of recommendations.

The Stakeholders' responses will be published on the FSB website unless respondents expressly requested otherwise.

For further information, please visit the FSB and consult the adittional documentation attached:  

2. FSB - A proposed framework – Questions for Consultation_Annex2.

3. FSB - Press Release_Annex3   

��ݮtv FMA would like to make a special reference to Anne-Maria Rothenstein, ��ݮtv FMA Board member and Working Groups and Committees Representative, members of the Regulatory Working Group, and the members of the Digital Assets Committee, under the management of Alan Scott, DAC Chair, for their commitment to this particular task and close cooperation with the ��ݮtv FMA Head Office.

��ݮtv FMA will monitor the progressions and if appropriate and subject to new information, ��ݮtv FMA will notify about the developments and results of the FSB public consultation. 

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