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. 🔍