Wednesday, June 26, 2024

Monetary Stability Board (FSB) to Work Extra on Stablecoin Dangers in Rising, Growing Economies

by Jeremy

“In rising market and growing economies (EMDEs), crypto-assets pose explicit challenges for financial coverage and capital stream administration,” the FSB stated. “Members mentioned the challenges posed by the comparatively increased ranges of adoption and dangers of worldwide stablecoin preparations in EMDEs. The FSB will undertake additional work to think about how these challenges might be addressed.”

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