**Financial Stability Board Urges Global Consistency in Crypto-Asset Regulation**

The Financial Stability Board (FSB) has issued a strong call for global consistency in the regulation of crypto-assets, pointing to significant gaps and inconsistencies in current regulatory frameworks. This appeal follows a thematic review that highlighted the rapid evolution of crypto-asset markets and the need for more cohesive oversight to ensure financial stability.

**Progress in Crypto-Asset Regulation**

Jurisdictions have made progress in implementing recommendations for crypto-asset activities, including better regulation of service providers and market operations. However, the regulation of global stablecoin arrangements is lagging behind, with many jurisdictions yet to finalize comprehensive frameworks.

**Challenges and Risks**

The inconsistent regulatory landscape poses risks to financial stability and creates opportunities for regulatory arbitrage. Moreover, the oversight of crypto-asset markets is complicated by the fragmented nature of global governance, leading to challenges in managing cross-border activities.

**FSB Recommendations**

To address these challenges, the FSB has outlined eight key recommendations for jurisdictions. These focus on enhancing the comprehensiveness and consistency of regulatory frameworks, improving cross-border cooperation, and ensuring that regulatory approaches are robust enough to manage financial stability risks.

**Way Forward**

The FSB’s call for consistency underscores the importance of a unified global approach to crypto regulation. As the digital asset ecosystem continues to evolve, it is crucial for regulatory frameworks to keep pace and mitigate potential risks effectively. This coordinated effort will be essential for fostering a resilient and stable digital financial environment worldwide.