![]() ![]() In the first section of the report, there is a discussion about the recent pressure on the overall crypto markets, and the existing cryptocurrencies being described as stablecoins and identify gaps and issues for further emphasis. Recent Market Developments Taken Into Consideration The Report consists of three main pillars, covering: recent market developments and the characteristics of existing stablecoins, policy developments, and also looking back at the 2020 high-level recommendations. Additionally, it includes how they can work towards ensuring a stable financial scenario across the world.įSB also sheds light on the importance of flexibility while coming up with these regulations to be implemented across the world. The latest report by the Financial Stability Board aims at focusing on the consistent and effective regulation of stablecoins. Let us know what high-level recommendations FSB has in mind and what it means for the crypto industry’s future. It featured the regulation, supervision, and oversight of the so-called global stablecoin situation.Ĭoming to 2022, the advisory body aims to understand their previously published recommendations and figure out the gaps found in the existing framework, with respect to current policies. This report comes after another 2020 report that involved 10 high-level recommendations. ![]() In its recent set of statements released around 4 days ago, the Financial Stability Board has stated how most stablecoins are not compliant with FSB’s recommendations for maintaining financial stability. ![]() The Financial Stability Board is an international body created by the G20, which has laid out its set of advice and suggestions for crypto regulation worldwide. Join Our Telegram channel to stay up to date on breaking news coverage ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |