FinancialStabilityInstituteFSIInsightsonpolicyimplementationNo49Crypto,tokensandDeFi:navigatingtheregulatorylandscapeByDeniseGarciaOcampo,NicolaBranzoliandLucaCusmanoMay2023JELclassification:F30,G18,G28,O38Keywords:cryptoasset,cryptoassetserviceprovider,decentralisedfinance,DeFi,DLT,globalstablecoin,stablecoin,token,tokenisedasset,virtualasset,virtualassetserviceprovider.FSIInsightsarewrittenbymembersoftheFinancialStabilityInstitute(FSI)oftheBankforInternationalSettlements(BIS),oftenincollaborationwithstafffromsupervisoryagenciesandcentralbanks.Thepapersaimtocontributetointernationaldiscussionsonarangeofcontemporaryregulatoryandsupervisorypolicyissuesandi...