Policy Recommendations for Crypto and Digital Asset Markets — Final Report (FR11/2023)

FSB High-Level Recommendations for Crypto-Asset Activities and Markets (2023)

High-Level Recommendations for the Regulation, Supervision and Oversight of Crypto-Asset Activities and Markets — Final Report (July 2023)

The FSB's High-Level Recommendations for Crypto-Asset Activities and Markets (2023) set nine recommendations for consistent regulation, supervision and oversight of crypto-asset issuers, service providers, activities and markets. They cover regulatory powers, governance, risk management, data, disclosures and cross-border cooperation. A separate revised set addresses global stablecoin arrangements. FSB recommendations are not self-executing domestic law.

OECD/G20 Crypto-Asset Reporting Framework (CARF)

Crypto-Asset Reporting Framework (CARF) and Amendments to the Common Reporting Standard

The OECD/G20 Crypto-Asset Reporting Framework (CARF) creates global due-diligence and reporting rules for reporting crypto-asset service providers, supporting annual cross-border exchange of crypto-asset tax information among implementing jurisdictions. It also includes amendments to the Common Reporting Standard and an XML schema implementation package. National CARF laws should link to this canonical profile.

Basel Framework SCO60 — Cryptoasset Exposures

Basel Framework Chapter SCO60 — Prudential treatment of cryptoasset exposures

The Basel Committee on Banking Supervision's SCO60 standard sets the prudential treatment of banks' cryptoasset exposures, classifying cryptoassets into groups based on risk and conditions, and setting capital, liquidity, exposure, disclosure and infrastructure-risk treatment. Note: SCO60 is not self-executing domestic law; effectiveness depends on implementation by national Basel member jurisdictions.

FATF Recommendation 15 and Interpretive Note to Recommendation 15

FATF extends the global AML/CFT framework to virtual assets and VASPs, requiring risk assessment, licensing or registration, supervision, preventive measures, travel-rule information and sanctions. Current state: Interpretive Note adopted 2019-06-21; current consolidated FATF standards should be checked

Updated Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers

FATF explains how its AML/CFT standards apply to virtual assets and VASPs, including stablecoins, peer-to-peer risks, licensing, supervision, travel-rule data and international cooperation. Current state: Current FATF interpretive guidance; jurisdictions implement it through domestic law

High-level Recommendations for Regulation, Supervision and Oversight of Crypto-asset Activities and Markets

The FSB sets a global baseline for crypto-asset activities and markets based on same activity, same risk, same regulation, while addressing governance, risk management, data, disclosures and interconnectedness. Current state: Nine non-binding recommendations issued 2023-07-17