There is no assurance that such information is regularly available and of sufficient quality. Hence, we need minimum reporting standards for crypto-asset providers that allow for a consistent monitoring of markets and risks. 3.3 International initiatives address risks and improve monitoring, while gaps remain.
Several regulatory initiatives are ongoing with the aim of monitoring crypto-asset markets, separating crypto-asset markets from the core financial system, and addressing risks in cryptoasset markets. The Financial Stability Board coordinates international regulatory and supervisory approaches to crypto-asset activities. In 2020, it published recommendations on the regulation, supervision and oversight of global stablecoin arrangements. [46] Updated recommendations are scheduled for publication in July 2023.