FSB looking into regulations applicable to stablecoins
Stablecoins may be small now, but there’s “no doubt” they pose regulatory challenges, FSB chair says
The Financial Stability Board is currently examining which regulations exist that can be applied to stablecoins, Randal Quarles said in a speech on October 3.
The FSB chair added that once the assessment is complete, “we will report to the G20 on any appropriate actions that need to be taken to ensure that financial stability is not negatively affected by their introduction”.
The G7 is finalising a preliminary assessment, he said, and thereafter has asked the FSB to lead the work in examining
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