The Financial Stability Board (FSB) also plans to complete work on the financial stability implications of tokenization in 2024.
The Financial Stability Board (FSB) — an international organization overseeing the global financial system — has published its detailed plans for 2024. The FSB Work Programme for 2024 encompasses tracking the implementation of its global regulatory framework for crypto-asset activities and the financial implications of digital innovations, like tokenization and artificial intelligence (AI).
The publication states that a critical focus for 2024 and beyond is ensuring the effective implementation of the agreed global regulatory and supervisory framework for crypto-asset activities, markets and international stablecoin arrangements.
The FSB developed a global regulatory framework for crypto in July 2023. The guidelines recommended to the 20 leading economies of the world, known as the G20, state that crypto platforms must segregate clients’ digital assets from their funds and separate functions to avoid conflict of interest, with regulators ensuring tight cross-border cooperation and oversight.
