According to Foresight News, the Financial Stability Board (FSB), which coordinates cross-border financial regulation, develops and implements global financial standards, released the final report on the international regulatory framework for cryptocurrencies, which contains two recommendations: high-level recommendations on the regulation, supervision and monitoring of crypto asset activities and markets; and revised high-level recommendations on the regulation, supervision and monitoring of "global stablecoin" arrangements. The FSB and the sectoral standard-setting bodies (SSBs) have developed a joint work plan for 2023 and beyond, through which they will continue to coordinate their work in accordance with their respective tasks to promote the development of a comprehensive and consistent global regulatory framework commensurate with the risks that crypto asset market activities may pose to global jurisdictions, including more sophisticated guidance, monitoring and public reporting through the SSBs.