[FSB] Significant gaps and inconsistencies in implementation of crypto and stablecoin recommendations

The latest Thematic Peer Review (as of August 2025) signals that despite the 2023 framework, the global regulatory landscape remains fragmented.

Key findings for the compliance sector:

– GSC Lag: While general crypto-asset oversight has advanced, regulation for global stablecoin arrangements (GSCs) is still behind.

– Alignment Deficit: Even jurisdictions with “finalized” frameworks lack full alignment with FSB standards, complicating cross-border supervision.

– Arbitrage Risk: The uneven implementation creates immediate opportunities for regulatory arbitrage.

With International Organization of Securities Commissions – IOSCO also released its complementary findings, the industry should anticipate renewed pressure on jurisdictions to harmonize their approaches.

Read more: FSB finds significant gaps and inconsistencies in implementation of crypto and stablecoin recommendations – Financial Stability Board