Fintech

FSB calls for ‘proportionate’ regulation of global stablecoins

The board will deliver its paper to G20 finance ministers and central bank governors during a virtual meeting on 15 April

The Financial Stability Board, the G20 supervisory body, has made ten recommendations for regulating so-called “global stablecoins”, a type of cryptocurrency.

In a report published 14 April, the FSB calls for regulation that is “proportionate to the risks” posed by stablecoin technology — but also taking into account how those risks may change over time.

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