The Financial Stability Board (#FSB) has an outline ready to address the key threats to global financial stability this year.

25 Feb 2023, 17:21
The Financial Stability Board (#FSB) has an outline ready to address the key threats to global financial stability this year. 🔍 It includes: - Crypto assets - Decentralized Finance - Stablecoins Having conducted its research, FSB believes many existing #stablecoins might not meet its high-level recommendations. 🚧 According to the FSB chair, #crypto regulations will have their foundation on the principle of: Same activity Same risk Same regulation The final recommendations for regulatory and supervisory approaches to #crypto assets and #stablecoins will come in July. 🗓️ And it will have recommendations for standard-setting bodies. 🚨 The setting up will be closely monitored. 🔍