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G20 Wants To Regulate Stablecoins Before Launch
Summary: According to financemagnates, The G20’s Financial Stability Board (FSB) has again stressed on the recommendation of regulating ‘global stablecoins’ (GSC) in a recent report published on October 13. The FSB wants the implementation of international regulatory standards in national jurisdictions, which include effective cooperation, coordination, and information-sharing arrangements. “GSC arrangements are expected to adhere to ...
According to financemagnates, The G20’s Financial Stability Board (FSB) has again stressed on the recommendation of regulating ‘global stablecoins’ (GSC) in a recent report published on October 13. The FSB wants the implementation of international regulatory standards in national jurisdictions, which include effective cooperation, coordination, and information-sharing arrangements.
“GSC arrangements are expected to adhere to all applicable regulatory standards and to address risks to financial stability before commencing operation, and to adapt to new regulatory requirements as necessary,” the FSB highlighted.
