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29 October 2020

FSB releases recommendations to regulate 'global stablecoins' such as Libra

FSB releases recommendations to regulate 'global stablecoins' such as Libra


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The FSB’s report offers regulatory recommendations to G20 member states and the broader international community intended to prevent stablecoin projects from using opportunities for "regulatory arbitrage" and becoming embedded within the financial structures of national economies.

The report also notes risks relating to the technology underpinning stablecoins, warning that “the infrastructure and technology used for recording transactions, and accessing, transferring and exchanging coins could pose operational and cyber-security risks.” .

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Bitcoin and Ether Market Update October 29, 2020 | BTCMANAGER
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