FSB outlines 10-point plan for tackling global stablecoin risks
Some powers already exist but stablecoins may cut across regulatory boundaries, report says
The Financial Stability Board is consulting on 10 recommendations for regulating and overseeing global stablecoins of the sort envisaged by Facebook’s libra project.
A document published today (April 14) sets out the findings of an FSB “stocktake” and gives guidance on how jurisdictions should tackle possible financial stability risks emanating from the new platforms.
Stablecoins have some features of fiat currencies, some of payment systems and some of banks. They are designed to allow users
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