CLAIMBOUND / SOURCE-PUBLICATION EVIDENCE
Crypto exchanges
Every card identifies what it proves, what it does not prove, its exact quote, locator, source hash, and local rerun command.
1. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 5
Narrow public claim
This status report, prepared at the request of the Brazilian G20 Presidency, reflects the progress in taking forward the Roadmap.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 5- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
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This status report, prepared at the request of the Brazilian G20 Presidency, reflects the progress in taking forward the Roadmap.
2. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 5
Narrow public claim
While the financial stability risks arising from crypto-asset markets have not materially changed since the publication of the 2023 Synthesis Paper, the continued growth of these markets and their increasing interlinkages with the traditional financial system could present systemic risks.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 5- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
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While the financial stability risks arising from crypto-asset markets have not materially changed since the publication of the 2023 Synthesis Paper, the continued growth of these markets and their increasing interlinkages with the traditional financial system could present systemic risks.
3. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 6
Narrow public claim
The IMF has led the G20 Data Gaps Initiatives 3 Recommendation 11 on Digital money to address the data gaps on crypto-assets.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 6- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
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The IMF has led the G20 Data Gaps Initiatives 3 Recommendation 11 on Digital money to address the data gaps on crypto-assets.
4. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 6
Narrow public claim
The IMF conducted a stocktaking exercise amongst the G20 and non-G20 FSB jurisdictions, which showed that notable efforts have been made among G20 countries to examine data collection options.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 6- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
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The IMF conducted a stocktaking exercise amongst the G20 and non-G20 FSB jurisdictions, which showed that notable efforts have been made among G20 countries to examine data collection options.
5. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 7
Narrow public claim
Promoting, supporting, and monitoring the effective implementation of a coordinated and comprehensive policy and regulatory response to address the risks of crypto-assets is a priority of the G20.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 7- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
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Promoting, supporting, and monitoring the effective implementation of a coordinated and comprehensive policy and regulatory response to address the risks of crypto-assets is a priority of the G20.
6. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 7
Narrow public claim
In September 2023, the G20 Leaders endorsed the crypto-asset policy implementation roadmap (“Roadmap”), which is included in the IMF-FSB Synthesis Paper: Policies for Crypto-Assets.1 The Roadmap laid out both planned and ongoing initiatives by the IMF, the FSB, and relevant international SSBs.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 7- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
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In September 2023, the G20 Leaders endorsed the crypto-asset policy implementation roadmap (“Roadmap”), which is included in the IMF-FSB Synthesis Paper: Policies for Crypto-Assets.1 The Roadmap laid out both planned and ongoing initiatives by the IMF, the FSB, and relevant international SSBs.
7. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 8
Narrow public claim
Financial stability risks arising from crypto-asset markets appear limited at present and have not materially changed since the publication of the 2023 IMF-FSB Synthesis Paper.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 8- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
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Financial stability risks arising from crypto-asset markets appear limited at present and have not materially changed since the publication of the 2023 IMF-FSB Synthesis Paper.
8. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 8
Narrow public claim
This was largely driven by the price increases of bitcoin and ether – which represent almost 80% of the crypto-asset total market value.4 Since then, the total market value has remained largely unchanged.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 8- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
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This was largely driven by the price increases of bitcoin and ether – which represent almost 80% of the crypto-asset total market value.4 Since then, the total market value has remained largely unchanged.
9. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 9
Narrow public claim
Unverified reports indicate that the stablecoin Tether has a large part of its reserves ($97.6 billion) invested directly or indirectly in U.S.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 9- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t01_primary_claims.json --source-file <local-raw-pdf>Exact source quote
Unverified reports indicate that the stablecoin Tether has a large part of its reserves ($97.6 billion) invested directly or indirectly in U.S.
10. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 9
Narrow public claim
Since the publication of the Synthesis paper, total assets under management (AUM) of crypto-asset investment products, though remaining limited, have rapidly increased to $85 billion.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 9- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
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Since the publication of the Synthesis paper, total assets under management (AUM) of crypto-asset investment products, though remaining limited, have rapidly increased to $85 billion.
11. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 10
Narrow public claim
The market developments are consistent with the assessment of the Synthesis Paper, which noted that, if the crypto-asset ecosystem were to grow in size, or its integration with the financial system were to expand, this could present risks to financial stability.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 10- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
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The market developments are consistent with the assessment of the Synthesis Paper, which noted that, if the crypto-asset ecosystem were to grow in size, or its integration with the financial system were to expand, this could present risks to financial stability.
12. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 10
Narrow public claim
Weekly fund flows and AUM of crypto-asset funds1 Graph 3 USD mn USD bn The vertical lines indicate 23 February 2022, the day before the start of the Russia-Ukraine war, 9 May 2022, the day TerraUSD started to significantly decouple from its peg, 11 November 2022, the day FTX filed for bankruptcy, and 10 January 2024, the day the SEC approved spot bitcoin ETPs.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 10- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t02_primary_claims.json --source-file <local-raw-pdf>Exact source quote
Weekly fund flows and AUM of crypto-asset funds1 Graph 3 USD mn USD bn The vertical lines indicate 23 February 2022, the day before the start of the Russia-Ukraine war, 9 May 2022, the day TerraUSD started to significantly decouple from its peg, 11 November 2022, the day FTX filed for bankruptcy, and 10 January 2024, the day the SEC approved spot bitcoin ETPs.
13. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 11
Narrow public claim
The IMF, FSB, and SSBs have since taken forward work in the four areas included in the roadmap: (i) implementation of policy frameworks; (ii) outreach beyond G20 jurisdictions; (iii) global cooperation and coordination; and (iv) addressing data gaps.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 11- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
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The IMF, FSB, and SSBs have since taken forward work in the four areas included in the roadmap: (i) implementation of policy frameworks; (ii) outreach beyond G20 jurisdictions; (iii) global cooperation and coordination; and (iv) addressing data gaps.
14. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 11
Narrow public claim
The survey results indicate that nearly all FSB members either have plans in place to develop new or revised frameworks for crypto-assets and stablecoins, or already have those frameworks in place (93% and 88%, respectively).
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 11- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
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The survey results indicate that nearly all FSB members either have plans in place to develop new or revised frameworks for crypto-assets and stablecoins, or already have those frameworks in place (93% and 88%, respectively).
15. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 12
Narrow public claim
63% and 39% of them have existing laws and regulations applicable to at least part of crypto-asset activities and stablecoins, respectively.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 12- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t02_primary_claims.json --source-file <local-raw-pdf>Exact source quote
63% and 39% of them have existing laws and regulations applicable to at least part of crypto-asset activities and stablecoins, respectively.
16. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 12
Narrow public claim
The reporting also showed a slightly lower share, among non-FSB members than FSB members, that have confirmed plans to develop new or revised legal and regulatory frameworks for either crypto-assets or stablecoins (82% and 76%, respectively).
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 12- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t02_primary_claims.json --source-file <local-raw-pdf>Exact source quote
The reporting also showed a slightly lower share, among non-FSB members than FSB members, that have confirmed plans to develop new or revised legal and regulatory frameworks for either crypto-assets or stablecoins (82% and 76%, respectively).
17. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 13
Narrow public claim
AML/CFT regulatory requirements are the most reported existing laws and regulations currently applicable to crypto-assets and stablecoins among FSB members (90% for crypto-asset activities and 57% for stablecoins).
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 13- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t02_primary_claims.json --source-file <local-raw-pdf>Exact source quote
AML/CFT regulatory requirements are the most reported existing laws and regulations currently applicable to crypto-assets and stablecoins among FSB members (90% for crypto-asset activities and 57% for stablecoins).
18. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 13
Narrow public claim
Risks to financial integrity are clearly a common concern and have been identified as a ‘very important’ risk by most FSB members (80%) as well as non-FSB members (77%).
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 13- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t02_primary_claims.json --source-file <local-raw-pdf>Exact source quote
Risks to financial integrity are clearly a common concern and have been identified as a ‘very important’ risk by most FSB members (80%) as well as non-FSB members (77%).
19. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 14
Narrow public claim
In September 2024, the SEC filed settled charges against a DAO and another entity for engaging in the unregistered offer and sale of crypto-assets that were so-called governance tokens, and charged others for operating as unregistered brokers in securities.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 14- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t02_primary_claims.json --source-file <local-raw-pdf>Exact source quote
In September 2024, the SEC filed settled charges against a DAO and another entity for engaging in the unregistered offer and sale of crypto-assets that were so-called governance tokens, and charged others for operating as unregistered brokers in securities.
20. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 14
Narrow public claim
In December 2023, the SEC announced that a DAO and its two founders agreed to pay more than $1.7 million to settle charges that they failed to register the offer and sale of structured crypto-assets known as SMART Yield bonds.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 14- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t02_primary_claims.json --source-file <local-raw-pdf>Exact source quote
In December 2023, the SEC announced that a DAO and its two founders agreed to pay more than $1.7 million to settle charges that they failed to register the offer and sale of structured crypto-assets known as SMART Yield bonds.
21. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 15
Narrow public claim
FSB Framework.17 This can materially undermine the regulatory and supervisory effectiveness in other jurisdictions even if these other jurisdictions fully implement the FSB Framework.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
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- 2026-08-17
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FSB Framework.17 This can materially undermine the regulatory and supervisory effectiveness in other jurisdictions even if these other jurisdictions fully implement the FSB Framework.
22. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 15
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Significant data gaps can also arise when MCI operations are domiciled in jurisdictions that do not require granular disclosures or if MCIs are in non-compliance with applicable laws.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
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PDF page 15- Captured
- 2026-08-17
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Significant data gaps can also arise when MCI operations are domiciled in jurisdictions that do not require granular disclosures or if MCIs are in non-compliance with applicable laws.
23. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 16
Narrow public claim
As part of Phase 1 of IOSCO’s Implementation Roadmap, a full stocktake survey of the current state of implementation across the IOSCO membership is currently being undertaken.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
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PDF page 16- Captured
- 2026-08-17
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As part of Phase 1 of IOSCO’s Implementation Roadmap, a full stocktake survey of the current state of implementation across the IOSCO membership is currently being undertaken.
24. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 16
Narrow public claim
Following this, the FTF IWG will support the IOSCO Assessment Committee (IOSCO AC) in conducting a pilot assessment of the implementation of the CDA recommendations in member jurisdictions in 2025.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
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PDF page 16- Captured
- 2026-08-17
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Following this, the FTF IWG will support the IOSCO Assessment Committee (IOSCO AC) in conducting a pilot assessment of the implementation of the CDA recommendations in member jurisdictions in 2025.
25. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 17
Narrow public claim
The BCBS published the final revised standard in July 2024.20 The GHOS agreed to defer implementation of the standard by one year to 1 January 2026, to ensure that all members can implement the standard in a full, timely and consistent manner.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
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PDF page 17- Captured
- 2026-08-17
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The BCBS published the final revised standard in July 2024.20 The GHOS agreed to defer implementation of the standard by one year to 1 January 2026, to ensure that all members can implement the standard in a full, timely and consistent manner.
26. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 17
Narrow public claim
In July 2024, the BCBS also finalised the disclosure standard for banks’ crypto-asset exposures.21 The standard requires banks to disclose qualitative information on their activities related to crypto-assets and quantitative information on their exposures to crypto-assets and the related capital and liquidity requirements.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
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PDF page 17- Captured
- 2026-08-17
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In July 2024, the BCBS also finalised the disclosure standard for banks’ crypto-asset exposures.21 The standard requires banks to disclose qualitative information on their activities related to crypto-assets and quantitative information on their exposures to crypto-assets and the related capital and liquidity requirements.
27. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 18
Narrow public claim
The July 2022 guidance clarifies that if a stablecoin arrangement performs a transfer function and is determined by authorities to be systemically important, the stablecoin arrangement as a whole would be expected to observe all relevant principles of the PFMI.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
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PDF page 18- Captured
- 2026-08-17
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The July 2022 guidance clarifies that if a stablecoin arrangement performs a transfer function and is determined by authorities to be systemically important, the stablecoin arrangement as a whole would be expected to observe all relevant principles of the PFMI.
28. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 18
Narrow public claim
CPMI-IOSCO is taking stock of how jurisdictions are taking into account the July 2022 guidance as they develop or amend their regulatory, supervisory, and oversight frameworks in relation to stablecoin arrangements.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
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PDF page 18- Captured
- 2026-08-17
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CPMI-IOSCO is taking stock of how jurisdictions are taking into account the July 2022 guidance as they develop or amend their regulatory, supervisory, and oversight frameworks in relation to stablecoin arrangements.
29. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 19
Narrow public claim
Based on 130 FATF MERs and FURs since the revised R.15/INR.15 was adopted in 2019, 75% of jurisdictions are only partially compliant or are not compliant with the FATF’s requirements, an identical percentage to that of April 2023 (75% partially compliant or non-compliant jurisdictions; 73 of 98) and shows negligible improvement.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 19- Captured
- 2026-08-17
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Based on 130 FATF MERs and FURs since the revised R.15/INR.15 was adopted in 2019, 75% of jurisdictions are only partially compliant or are not compliant with the FATF’s requirements, an identical percentage to that of April 2023 (75% partially compliant or non-compliant jurisdictions; 73 of 98) and shows negligible improvement.
30. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 19
Narrow public claim
The FATF calls on all jurisdictions to rapidly implement the FATF’s Standards on VAs and VASPs, including the Travel Rule, in line with the FATF Roadmap, in order to address the findings of the 2024 Targeted Update, the FATF will continue to prioritise closing the gaps and completing the global system of AML/CFT regulation for the VA sector.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 19- Captured
- 2026-08-17
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The FATF calls on all jurisdictions to rapidly implement the FATF’s Standards on VAs and VASPs, including the Travel Rule, in line with the FATF Roadmap, in order to address the findings of the 2024 Targeted Update, the FATF will continue to prioritise closing the gaps and completing the global system of AML/CFT regulation for the VA sector.
31. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 20
Narrow public claim
Outreach beyond G20 jurisdictions The IMF and the FSB, together with the SSBs and FATF, have organised workshops, outreach sessions, knowledge sharing events, and capacity building programmes, with a focus on engaging a wide range of non-FSB member jurisdictions.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
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PDF page 20- Captured
- 2026-08-17
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Outreach beyond G20 jurisdictions The IMF and the FSB, together with the SSBs and FATF, have organised workshops, outreach sessions, knowledge sharing events, and capacity building programmes, with a focus on engaging a wide range of non-FSB member jurisdictions.
32. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 20
Narrow public claim
All participants endorsed that robust monetary and fiscal policy, as well as having safe and efficient payment systems was key to limit cryptoisation.29 A few countries prohibit the use of crypto-assets by institutional investors (pension funds and collective investment schemes), while in several countries crypto-assets are used by both types of investors.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
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PDF page 20- Captured
- 2026-08-17
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All participants endorsed that robust monetary and fiscal policy, as well as having safe and efficient payment systems was key to limit cryptoisation.29 A few countries prohibit the use of crypto-assets by institutional investors (pension funds and collective investment schemes), while in several countries crypto-assets are used by both types of investors.
33. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 21
Narrow public claim
Financial integrity issues affecting the crypto-asset sector were also covered in AIVs in Slovenia (2024), Nigeria (2024), Palau (2023), Hong Kong (2023), El Salvador (2023 and 2021), Albania 2021, and Belize 2021 and in FSAPs in Kazakhstan (2024), Japan (2023), Ireland (2022), Hong Kong (2021), United States (2020), and Austria (2020), among others.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 21- Captured
- 2026-08-17
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Financial integrity issues affecting the crypto-asset sector were also covered in AIVs in Slovenia (2024), Nigeria (2024), Palau (2023), Hong Kong (2023), El Salvador (2023 and 2021), Albania 2021, and Belize 2021 and in FSAPs in Kazakhstan (2024), Japan (2023), Ireland (2022), Hong Kong (2021), United States (2020), and Austria (2020), among others.
34. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 22
Narrow public claim
FSB outreach activities The FSB has five active RCGs representing 70 jurisdictions.35 Each RCG meets twice a year and discusses financial stability topics.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 22- Captured
- 2026-08-17
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FSB outreach activities The FSB has five active RCGs representing 70 jurisdictions.35 Each RCG meets twice a year and discusses financial stability topics.
35. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 22
Narrow public claim
In Europe, most EU members are preparing for the new EU regulation Markets in Crypto-assets Regulation (MiCAR) that applies to stablecoins since 30 June 2024 and will apply to other crypto-asset activities from 30 December 2024.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 22- Captured
- 2026-08-17
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In Europe, most EU members are preparing for the new EU regulation Markets in Crypto-assets Regulation (MiCAR) that applies to stablecoins since 30 June 2024 and will apply to other crypto-asset activities from 30 December 2024.
36. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 24
Narrow public claim
FATF outreach activities In line with the FATF Roadmap to improve R.15 implementation, the FATF has conducted outreach and its members have provided bilateral assistance to jurisdictions, particularly those with lower capacity, as well as those with materially important VASP activity to support and encourage compliance with R.15.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 24- Captured
- 2026-08-17
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FATF outreach activities In line with the FATF Roadmap to improve R.15 implementation, the FATF has conducted outreach and its members have provided bilateral assistance to jurisdictions, particularly those with lower capacity, as well as those with materially important VASP activity to support and encourage compliance with R.15.
37. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 25
Narrow public claim
The workshop brought together policymakers and supervisors from both FSB and non-FSB jurisdictions and was attended in-person by 75 participants from 34 different jurisdictions and over 250 virtual participants from 52 different countries.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 25- Captured
- 2026-08-17
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The workshop brought together policymakers and supervisors from both FSB and non-FSB jurisdictions and was attended in-person by 75 participants from 34 different jurisdictions and over 250 virtual participants from 52 different countries.
38. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 25
Narrow public claim
In particular, jurisdictions exchanged views on various approaches they are developing to implement GSC Recommendation 9 dealing with redemption rights, stabilisation mechanism, and prudential requirements (see section 4.1 for more detail).
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 25- Captured
- 2026-08-17
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In particular, jurisdictions exchanged views on various approaches they are developing to implement GSC Recommendation 9 dealing with redemption rights, stabilisation mechanism, and prudential requirements (see section 4.1 for more detail).
39. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 26
Narrow public claim
The findings of the stocktaking exercise were discussed at the G20 DGI 3 Rec 11 workshop organised by the IMF in collaboration with the Central Bank of Türkiye, in Istanbul during 30 April – 2 May 2024.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
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PDF page 26- Captured
- 2026-08-17
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The findings of the stocktaking exercise were discussed at the G20 DGI 3 Rec 11 workshop organised by the IMF in collaboration with the Central Bank of Türkiye, in Istanbul during 30 April – 2 May 2024.
40. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 27
Narrow public claim
A flexible approach to collecting data on stablecoins and other crypto-assets, on a best effort basis by the G20 and non-G20 FSB jurisdictions, and gradually emphasising data sharing, is currently under consideration.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
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- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
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PDF page 27- Captured
- 2026-08-17
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A flexible approach to collecting data on stablecoins and other crypto-assets, on a best effort basis by the G20 and non-G20 FSB jurisdictions, and gradually emphasising data sharing, is currently under consideration.
41. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 27
Narrow public claim
These include: (i) regulation of off-shore crypto-asset activities; (ii) non-compliance and enforcement; (iii) GSC recommendation 9 dealing with redemption rights, stabilisation mechanisms, and prudential requirements; and (iv) macro financial issues.
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- 2026-08-17
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These include: (i) regulation of off-shore crypto-asset activities; (ii) non-compliance and enforcement; (iii) GSC recommendation 9 dealing with redemption rights, stabilisation mechanisms, and prudential requirements; and (iv) macro financial issues.
42. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 28
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As set out in the Synthesis Paper and reiterated in section 3.2, the FSB and the IMF are prioritising engaging non-FSB members through various venues, including technical assistance by the IMF and engagement with the FSB RCGs.
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PDF page 28- Captured
- 2026-08-17
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As set out in the Synthesis Paper and reiterated in section 3.2, the FSB and the IMF are prioritising engaging non-FSB members through various venues, including technical assistance by the IMF and engagement with the FSB RCGs.
43. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 30
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Implementation of the FSB Framework and other ongoing initiatives (see section 3.5) can help to close these data gaps and improve the accuracy and comprehensiveness of data available to regulatory and supervisory authorities.
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PDF page 30- Captured
- 2026-08-17
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Implementation of the FSB Framework and other ongoing initiatives (see section 3.5) can help to close these data gaps and improve the accuracy and comprehensiveness of data available to regulatory and supervisory authorities.
44. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 30
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For example, FATF has produced a table, which identified twenty jurisdictions (non-FATF members) with materially important VASP activity and noted the status of their implementation of FATF’s Standards on VAs and VASPs (Recommendation 15), alongside all FATF members.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
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PDF page 30- Captured
- 2026-08-17
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For example, FATF has produced a table, which identified twenty jurisdictions (non-FATF members) with materially important VASP activity and noted the status of their implementation of FATF’s Standards on VAs and VASPs (Recommendation 15), alongside all FATF members.
45. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 31
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However, in reality, there exists a centralised body controlling their governance as discussed in section 3.1.2.47 Market participants may also intentionally obscure or hide the locations where they provide services.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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PDF page 31- Captured
- 2026-08-17
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However, in reality, there exists a centralised body controlling their governance as discussed in section 3.1.2.47 Market participants may also intentionally obscure or hide the locations where they provide services.
46. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 31
Narrow public claim
Commencement of operation before authorisation FSB CA recommendation 1 and GSC recommendation 10 provide that crypto-asset issuers and service providers should meet all applicable regulatory, supervisory, and oversight requirements of a particular jurisdiction before commencing any operations.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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PDF page 31- Captured
- 2026-08-17
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Commencement of operation before authorisation FSB CA recommendation 1 and GSC recommendation 10 provide that crypto-asset issuers and service providers should meet all applicable regulatory, supervisory, and oversight requirements of a particular jurisdiction before commencing any operations.
47. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 32
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For example, De Nederlandsche Bank (DNB) fined several companies for operating in the Netherlands without a legally required registration.48 Authorities should, in line with the FSB Framework, seek to enforce applicable regulations to ensure activities do not commence until compliance is reached.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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PDF page 32- Captured
- 2026-08-17
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For example, De Nederlandsche Bank (DNB) fined several companies for operating in the Netherlands without a legally required registration.48 Authorities should, in line with the FSB Framework, seek to enforce applicable regulations to ensure activities do not commence until compliance is reached.
48. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 33
Narrow public claim
Although it is purported that public blockchain data can complement official data, they have significant limitations.49 Moreover, a large amount of crypto-asset market activity occurs off-chain on centralised service providers.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
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PDF page 33- Captured
- 2026-08-17
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Although it is purported that public blockchain data can complement official data, they have significant limitations.49 Moreover, a large amount of crypto-asset market activity occurs off-chain on centralised service providers.
49. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 33
Narrow public claim
This might be especially challenging for smaller jurisdictions with less well -resourced authorities.50 Some jurisdictions have specialised units dedicated to enforcing applicable laws, regulations, and rules for crypto-asset related activities.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
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PDF page 33- Captured
- 2026-08-17
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This might be especially challenging for smaller jurisdictions with less well -resourced authorities.50 Some jurisdictions have specialised units dedicated to enforcing applicable laws, regulations, and rules for crypto-asset related activities.
50. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 34
Narrow public claim
In addition, as previously discussed in section 4.1, some non compliant activities may operate from offshore jurisdictions that do not implement regulations consistent with the FSB Framework, or they do not have the powers or willingness to provide international cooperation in enforcement matters but remain accessible by onshore users.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
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PDF page 34- Captured
- 2026-08-17
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In addition, as previously discussed in section 4.1, some non compliant activities may operate from offshore jurisdictions that do not implement regulations consistent with the FSB Framework, or they do not have the powers or willingness to provide international cooperation in enforcement matters but remain accessible by onshore users.
51. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 34
Narrow public claim
The SEC relied on cross-border cooperation in this and others of its crypto-asset related investigations.54 As set out in FSB CA and GSC Recommendation 3, authorities may benefit from cooperation, coordination, and information sharing to support each other in fulfilling their respective mandates.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 34- Captured
- 2026-08-17
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The SEC relied on cross-border cooperation in this and others of its crypto-asset related investigations.54 As set out in FSB CA and GSC Recommendation 3, authorities may benefit from cooperation, coordination, and information sharing to support each other in fulfilling their respective mandates.
52. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 35
Narrow public claim
GSC recommendation 9 addresses these issues by recommending that jurisdictions require GSCs to provide a robust legal claim to all users, to have an effective stabilisation mechanism, and to be subject to appropriate prudential requirements.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
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PDF page 35- Captured
- 2026-08-17
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GSC recommendation 9 addresses these issues by recommending that jurisdictions require GSCs to provide a robust legal claim to all users, to have an effective stabilisation mechanism, and to be subject to appropriate prudential requirements.
53. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 35
Narrow public claim
This section highlights the approaches FSB member jurisdictions are taking to implement GSC recommendation 9, including their considerations and rationale underlying these approaches.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- Section locator
PDF page 35- Captured
- 2026-08-17
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This section highlights the approaches FSB member jurisdictions are taking to implement GSC recommendation 9, including their considerations and rationale underlying these approaches.
54. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 36
Narrow public claim
Stabilisation mechanisms For GSCs that use a reserve asset-based stabilisation mechanism, GSC recommendation 9 requires that reserve assets consist only of “conservative, high quality and highly liquid assets.” Jurisdictions are implementing different approaches that broadly consider three groups of eligible reserve assets for stablecoins that reference a single fiat currency.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- Section locator
PDF page 36- Captured
- 2026-08-17
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Stabilisation mechanisms For GSCs that use a reserve asset-based stabilisation mechanism, GSC recommendation 9 requires that reserve assets consist only of “conservative, high quality and highly liquid assets.” Jurisdictions are implementing different approaches that broadly consider three groups of eligible reserve assets for stablecoins that reference a single fiat currency.
55. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 36
Narrow public claim
These jurisdictional own funds requirements include minimum fixed fiat currency amounts, incremental requirements that range from 0.5% to 3% of outstanding tokens or reserve assets, or a combination of both.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 36- Captured
- 2026-08-17
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These jurisdictional own funds requirements include minimum fixed fiat currency amounts, incremental requirements that range from 0.5% to 3% of outstanding tokens or reserve assets, or a combination of both.
56. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 37
Narrow public claim
These objectives focus on macrofinancial issues to ensure macroeconomic and financial stability, and extend beyond, to include safeguarding consumer protection, as well as enhancing market and financial integrity.55 4.4.1.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 37- Captured
- 2026-08-17
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These objectives focus on macrofinancial issues to ensure macroeconomic and financial stability, and extend beyond, to include safeguarding consumer protection, as well as enhancing market and financial integrity.55 4.4.1.
57. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 37
Narrow public claim
56 Based on these considerations, targeted advice has been provided to country teams on the implications for fiscal policy from crypto-assets as part of the IMF’s lending, surveillance, and capacity development activities.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 37- Captured
- 2026-08-17
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56 Based on these considerations, targeted advice has been provided to country teams on the implications for fiscal policy from crypto-assets as part of the IMF’s lending, surveillance, and capacity development activities.
58. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 38
Narrow public claim
Similarly, the IMF has highlighted the need to apply the FSB GSC Recommendations and the CPMI-IOSCO principles for financial market infrastructures if a member country issues stablecoins that are marketed across borders.61 Cardozo, Fernandez, Jiang, and Rojas (2024) “On Cross-Border Crypto Flows: Measurement, Drivers and Policy Implications”, Mimeo, IMF.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 38- Captured
- 2026-08-17
- Source SHA-256
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Similarly, the IMF has highlighted the need to apply the FSB GSC Recommendations and the CPMI-IOSCO principles for financial market infrastructures if a member country issues stablecoins that are marketed across borders.61 Cardozo, Fernandez, Jiang, and Rojas (2024) “On Cross-Border Crypto Flows: Measurement, Drivers and Policy Implications”, Mimeo, IMF.
59. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 38
Narrow public claim
Another country that provides official Balance of Payment (BoP) data on CBCFs is El Salvador, but its coverage is quarterly and only from 2021Q3.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
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- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 38- Captured
- 2026-08-17
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Another country that provides official Balance of Payment (BoP) data on CBCFs is El Salvador, but its coverage is quarterly and only from 2021Q3.
60. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 39
Narrow public claim
The FSB, by end-2025, will conduct a review of the status of the implementation of the FSB Framework at the jurisdictional level.
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The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 39- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t06_primary_claims.json --source-file <local-raw-pdf>Exact source quote
The FSB, by end-2025, will conduct a review of the status of the implementation of the FSB Framework at the jurisdictional level.
61. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 39
Narrow public claim
The BCBS will continue to support its members in their efforts to implement the final prudential standard for banks’ exposures to crypto-assets ahead of the 1 January 2026 implementation date.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 39- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t07_primary_claims.json --source-file <local-raw-pdf>Exact source quote
The BCBS will continue to support its members in their efforts to implement the final prudential standard for banks’ exposures to crypto-assets ahead of the 1 January 2026 implementation date.
62. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 41
Narrow public claim
57% of FSB members have existing laws and regulations partially applicable to stablecoins, while 39% of FSB members reported that existing laws and regulations do not apply.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 41- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t07_primary_claims.json --source-file <local-raw-pdf>Exact source quote
57% of FSB members have existing laws and regulations partially applicable to stablecoins, while 39% of FSB members reported that existing laws and regulations do not apply.
63. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 41
Narrow public claim
The results in graph 2 suggest FSB members are on track to lead by example, with most members having plans in place to develop new or revised frameworks for crypto-assets and stablecoins (92% and 87%, respectively) 66, or already have applicable frameworks in place.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 41- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t07_primary_claims.json --source-file <local-raw-pdf>Exact source quote
The results in graph 2 suggest FSB members are on track to lead by example, with most members having plans in place to develop new or revised frameworks for crypto-assets and stablecoins (92% and 87%, respectively) 66, or already have applicable frameworks in place.
64. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 43
Narrow public claim
Meanwhile, most non-FSB members also expect to reach alignment by 2025 (graph 5), with 67% and 59% expecting to have regulations aligned with the CA and GSC recommendations, respectively.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 43- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t07_primary_claims.json --source-file <local-raw-pdf>Exact source quote
Meanwhile, most non-FSB members also expect to reach alignment by 2025 (graph 5), with 67% and 59% expecting to have regulations aligned with the CA and GSC recommendations, respectively.
65. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 43
Narrow public claim
However, the interpretation of the results should take into account that a large number of non-FSB member responses come from members of the EU (13 out of 43), where MiCA will enter into force by 2025.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 43- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t07_primary_claims.json --source-file <local-raw-pdf>Exact source quote
However, the interpretation of the results should take into account that a large number of non-FSB member responses come from members of the EU (13 out of 43), where MiCA will enter into force by 2025.
66. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 44
Narrow public claim
Those regulatory requirements identified least as being applicable are those related to recovery and resolution planning (24%), client funds protection (38%) and prudential requirements (38%).
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 44- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t07_primary_claims.json --source-file <local-raw-pdf>Exact source quote
Those regulatory requirements identified least as being applicable are those related to recovery and resolution planning (24%), client funds protection (38%) and prudential requirements (38%).
67. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 45
Narrow public claim
Except for AML/CFT, all other 13 listed requirements are applicable in less than 40% of FSB members and only less than 20% of non FSB members.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 45- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t07_primary_claims.json --source-file <local-raw-pdf>Exact source quote
Except for AML/CFT, all other 13 listed requirements are applicable in less than 40% of FSB members and only less than 20% of non FSB members.
68. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 45
Narrow public claim
More specifically, 8 of the 14 listed requirements are applicable to stablecoins in only less than 10% of non-FSB members.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 45- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t07_primary_claims.json --source-file <local-raw-pdf>Exact source quote
More specifically, 8 of the 14 listed requirements are applicable to stablecoins in only less than 10% of non-FSB members.
69. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 46
Narrow public claim
The other most cited ‘very important risks’ were consumer protection, market integrity, and financial stability risks (this last risk was mentioned by 48% of FSB and 40% of non-FSB members).
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 46- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t07_primary_claims.json --source-file <local-raw-pdf>Exact source quote
The other most cited ‘very important risks’ were consumer protection, market integrity, and financial stability risks (this last risk was mentioned by 48% of FSB and 40% of non-FSB members).
70. FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report · PDF page 47
Narrow public claim
Regulatory challenges reported by non-FSB members reflect different priorities, with consumer education (64%), data gaps (60%) and capacity/expertise (56%) being the most commonly-cited as the largest implementation challenges.
What this card proves
The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.
What this card does not prove
It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.
- Primary source
- FSB G20 Crypto-Asset Policy Implementation Roadmap: Status report
- Section locator
PDF page 47- Captured
- 2026-08-17
- Source SHA-256
8ed77fa053b73dc4c9b260ab3e1b50007f5e28f1f291aec56590aacc7f9305b2- Reproduction
- Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally
Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.
python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom033_t07_primary_claims.json --source-file <local-raw-pdf>Exact source quote
Regulatory challenges reported by non-FSB members reflect different priorities, with consumer education (64%), data gaps (60%) and capacity/expertise (56%) being the most commonly-cited as the largest implementation challenges.