In early July, the Financial Stability Board (FSB), a body which advises major economies on international finance, promised to push for stablecoin regulation, citing “recent turmoil” in the cryptocurrency market. The international body said it is “Working to ensure that crypto-assets are subject to robust regulation and supervision.” The group is slated to report in October to G20 Finance Ministers and Central Bank Governors on regulatory and supervisory approaches to stablecoins and other crypto-assets. (Read More)
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