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G20 Sets Ground Rules Ahead Of Facebook's Libra Stablecoin

Summary: The world's leading economies need to plug gaps in their rulebooks to avoid digital currencies like Facebook's planned Libra stablecoin from undermining financial stability, the Group of 20 Economies' (G20) regulatory watchdog said on Tuesday, April 14.The G20's Financial Stability Board (FSB) set out 10 recommendations for a common, international approach to regulating stablecoins, prompted ...

The world's leading economies need to plug gaps in their rulebooks to avoid digital currencies like Facebook's planned Libra stablecoin from undermining financial stability, the Group of 20 Economies' (G20) regulatory watchdog said on Tuesday, April 14.
The G20's Financial Stability Board (FSB) set out 10 recommendations for a common, international approach to regulating stablecoins, prompted by social media giant Facebook proposing its Libra stablecoin.

Tracy Chen

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