In recent years the Financial Stability Board (FSB) has released high level recommendations for the regulation of crypto-assets and global stablecoins. It has now conducted a peer review of many nations, finding inconsistent implementation. The FSB was particularly critical of stablecoin frameworks, finding that few of them aligned with its recommendations. Additionally, compared to crypto, fewer jurisdictions have advanced stablecoin legislation.
Fifteen out of 29 jurisdictions have proposed or finalized crypto legislation, whereas only nine regions are at this more advanced stage for stablecoins. Just three jurisdictions have granted stablecoin licenses, although this did not…
