The Financial Stability Board (FSB) warns the G20 that cryptocurrencies and stablecoins may impact financial stability.
Jinse Finance reported that the Financial Stability Board (FSB) has submitted a mid-term report to the G20, focusing on cross-border payments, cryptocurrencies, and stablecoins. The report points out that there has been limited progress towards cross-border payment goals, and the rapid growth of cryptocurrencies and their integration with traditional finance may impact financial stability. Although most countries already have regulatory frameworks in place, they mainly focus on anti-money laundering and sanctions compliance, and have not yet fully addressed financial stability risks.
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