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Ref: 18/2025

The Financial Stability Board (FSB) today published a Thematic Peer Review on the FSB Global Regulatory Framework for Crypto-asset Activities. The report describes the findings of a peer review to evaluate progress in implementing the FSB’s 2023 global framework, including recommendations on crypto-asset service providers and stablecoin arrangements, data reporting and collection, and cross-border cooperation and coordination.

Crypto-asset markets and regulation are changing rapidly. The review shows that, as of August 2025, jurisdictions have made progress in regulating crypto-asset activities and to a lesser extent global stablecoin arrangements (GSCs)….