Emerging markets at greater risk from stablecoins, FSB warns
Limited regulation, resourcing constraints and FX exposures create hazards for poorer countries
Emerging markets and developing economies (EMDEs) face higher risks from global stablecoins, the Financial Stability Board (FSB) says.
In a report published on July 23, the FSB cites a litany of risks associated with stablecoins in all countries. These risks relate to financial integrity, illicit finance, data privacy, cyber security, consumer and investor protections, market integrity, fiscal stability, and macroeconomic stability.
However, the organisation believes the risks for EMDEs could be
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