Topics · Safeguards · Systemic and prudential
Financial stability monitoring.
Central banks track crypto's links to banks, funds and payment systems in their financial stability work.
Their reports often signal the next wave of rules before any law is drafted.
By market · 4 sources across 4 markets
East Asia
China1 source
Liu He chairs the 51st meeting of the State Council Financial Stability and Development Committee
The top-level political signal to crack down on Bitcoin mining and trading, which set off the 2021 exodus of miners and exchanges.
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ChinaSoutheast Asia
Singapore1 source
MAS Partners the Industry to Pilot Use Cases in Digital Assets
Launches Project Guardian to test asset tokenisation and decentralised finance with industry while managing financial stability and integrity risks.
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Thailand1 source
Joint Press Release: BOT, SEC, and MOF to jointly set guidelines on the usage of digital assets as a means of payment for goods and services
The three authorities announced they would limit crypto payments to protect financial stability, while leaving room for payment innovation that poses no systemic risk.
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Singapore
ThailandMiddle East
Israel1 source
Digital Asset Regulation: Recommendations for the development of domestic regulation
The government's policy blueprint for crypto, recommending licensing of backed stablecoin issuers, Bank of Israel oversight of systemic tokens and clearer tax rules. English version.
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IsraelNo dedicated rule found yet in 27 markets:
