April 14 - 12:04
43D
G20 lays out proposals for stablecoin regulation
The G20's finance watchdog has proposed 10 recommendations for regulating stablecoins like Facebook's Libra. The Financial Stability Board (FSB) said they should face the same rules as other businesses that present the same risks. Libra's unveiling last year sparked the G20 into action. The recommendations also include flexible, cross-border cooperation to avoid jurisdiction clashes.
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