G20 Crypto & Stablecoin Plans Unveiled by Financial Stability Board

The G20's Financial Stability Board has offered advise and suggestions for crypto regulation worldwide

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FSB emphasizes flexibility while creating global laws

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FSB discovered that most stablecoins claim a stable value. Most are issued by unregistered entities without trustworthy methods

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The Financial Stability Body acknowledged developments in several countries and standard-setting agencies

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The FSB paper concentrates on Terra's demise to highlight the flaws in stablecoins

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The FSB has reviewed its high-level guidelines to accommodate crypto developments

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FSB reported that structures and standards should be flexible to accommodate cryptocurrency markets

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