FSB releases recommendations to regulate 'global stablecoins' such as Libra
Cointelegraph
Published Oct 13, 2020 11:46PM ET
Updated Oct 14, 2020 01:40AM ET
The G20’s financial watchdog, the Financial Stability Board (FSB), has published regulatory recommendations opposing the trans-national ambitions of “global stablecoins,” such as Facebook’s Libra project.
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.
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Written By: Cointelegraph
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