Most of the cryptocurrency market should be subject to the same rulebook that governs traditional finance, the Financial Stability Board (FSB), an international standards-setter, said in a proposed framework it published Tuesday. (The Logic)

Talking point: While the FSB has no enforcement powers, its recommendations could encourage regulators exploring more stringent oversight of the sector. In Canada, securities regulators are pressing for certain cryptocurrency-trading platforms to register as investment dealers. And Ontario Securities Commission CEO Grant Vingoe has called for similar rules as the FSB’s proposal to regulate the crypto industry like traditional finance. The FSB also made recommendations for regulating and governing global stablecoins—digital tokens typically tied to national currency—which includes possibly centralizing the governance of coins used in multiple jurisdictions. Meanwhile, the Organization for Economic Co-operation and Development approved a new framework to crack down on the use of cryptocurrencies to evade taxes.