The global Financial Stability Board, which is chaired by the president of DNB, Klaas Knot, is overseeing these activities. And at European level, regulatory action is already well underway. The EU has almost reached agreement on legislation aiming to ensure that crypto assets and stable coins are properly regulated and supervised.
As DNB we very much support the regulation of crypto-markets, because there are risks involved in crypto's that need to be kept in check. And because of the cross-border nature of crypto's it is important that these new rules apply across the EU. So that we can protect consumers but also help market players to do business across the EU without barriers.