G20 Crypto & Stablecoin Plans Unveiled by Financial Stability Board

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

FSB emphasizes flexibility while creating global laws

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

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

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

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

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