Jinse Finance reported that the Financial Stability Board (FSB) said on Monday that the failure of the cryptocurrency ecosystem may quickly spread risks to other financial fields, and the authorities should identify and monitor the intersection of cryptocurrencies and the broader financial system. In its final framework, the FSB made recommendations on how to regulate and supervise cryptocurrencies and stablecoins, asking the FSB to provide insights on how to address the potential impact of cryptocurrencies on global financial stability after the collapse of Terra and FTX, "same activity, same risk" , the same supervision” is the basic principle. The FSB emphasized the need for cryptocurrencies and their intermediaries to comply with the same regulatory standards that apply to traditional financial instruments and intermediaries.