IMF, FSB release joint policy recommendations for crypto assets

The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published a joint paper containing policy recommendations at the request of the Indian G20 presidency. The organizations have created the paper to combine the standards and consolidate collective recommendations to provide guidance and help various jurisdictions address risks associated with crypto asset activities.

The policy paper includes recommendations for regulating activities related to stablecoins and decentralized finance (DeFi). It also describes how regulatory frameworks and policies developed by both the IMF and the FSB can interact and fit together. However, it does not set or establish new policies, recommendations or expectations for relevant authorities.