Framework Overview
The most comprehensive consensus among major economies on digital currency regulation.
Core Content
1. Stablecoin Regulation
- Must hold 100% reserve assets
- Regular third-party audits required
- Redemption mechanism guarantees
2. DeFi Protocol Standards
- Compliance registration required
- KYC/AML requirements
- Leverage ratio caps
3. Crypto Asset Trading
- Exchange operating licenses required
- Investor suitability management
- Market manipulation monitoring
Market Reaction
Bitcoin dropped 5% before stabilizing. DeFi tokens declined but leading projects showed resilience.
This framework marks the transition from unregulated growth to a regulated development phase. - Blockchain Industry Association Chairman