Financial Stability Board (FSB) According to a report released today by stablecoin of the world’s 20 largest economies (G20) It does not meet the standards set by central banks for the digital asset category.
Central Banks of G20 Countries Warn of Unstable Coins
The board also asked how much stablecoins actually cost.stableHe also doubts that it is.
The board released two reports today. One of these, to cryptocurrencies Contains high-level recommendations for The regulator plans to finalize these recommendations next year after a public comment period.
The other includes an assessment of how stablecoin issuers meet the “High Standard” criteria adopted in 2020.
Research on stablecoins, European Central Bank, US Federal Reserve and other central banks digital money It shows that they are considering whether to remove their units or not.
The financial board is recommending that similar rules be applied to stablecoins, an approach that the US Congress is also discussing.
A report on crypto-asset regulations, which is shorter than the stablecoin determinations, also referred to digital assets, including the Securities and Exchange Commission and the Commodity Futures Trading Commission.same activity, same risk, same regulation” approach.
Financial Stability Board (FSB) comment period on crypto-asset regulations December 15and the organization will publish comprehensive final results by mid-2023.
*Not investment advice.
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