In May 2023, the World Economic Forum released a report titled “Pathways to the Regulation of Crypto-Assets: A Global Approach” (hereinafter referred to as the “Report”). The Report examines the challenges to a global approach to crypto-asset regulation and discusses five regulatory approaches (principle-based regulation, risk-based regulation, agile regulation, self- and co-regulation, and regulation by enforcement) and relevant cases. The Report consults different stakeholders about challenges facing cryptocurrency regulation and makes recommendations for international organizations, national/regional authorities as well as industry stakeholders, encouraging them to adopt an innovative approach that responds to the unique opportunities and risks brought by crypto-assets while drawing on lessons learned and best practice from other sectors. The Beijing Frontier Institute of Regulation and Supervision Technology (FIRST) provides excerpts from the main content of the Report for reference.

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