Conclusion What can we conclude from all of this? Looks can be deceiving. Casual observation and evidence gleaned from simple charts would seem to raise serious questions about the functioning of domestic and foreign markets, and about the international trading system more generally.
The FSB's concerns are underscored by the fact that many crypto activities are not in compliance with existing regulation or take place outside of the regulatory perimeter; that existing crypto-asset regulation differs across jurisdictions; and that monitoring of financial stability risks is challenging given limited regulatory reporting and public disclosure. So, enhanced regulatory action is definitely required.