The FSB, an international body based in Basel that was responsible for generating many of the post-2008 financial norms, had previously promised a report on the regulation, supervision and oversight of global stablecoins for October of this year. The FSB’s leader, Klaas Knot, has already volunteered to write a crypto rulebook that could cover financial stability and investor protection issues.
Source: https://www.coindesk.com/policy/2022/05/19/g7-finance-ministers-call-to-accelerate-global-crypto-regulations-following-ust-collapse-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines