Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
FSB: Will further study the challenges that stablecoins bring to emerging and developing economies

FSB: Will further study the challenges that stablecoins bring to emerging and developing economies

CointimeCointime2024/06/17 09:34
By:Cointime

The Financial Stability Board (FSB) has announced that it will further study the challenges posed by stablecoins to emerging and developing economies. The decision was made during the FSB's plenary meeting held in Toronto on Friday, and the FSB is the sole decision-making body of the standard-setting and advisory organization. The FSB stated that cryptocurrencies pose special challenges to monetary policy and capital flow management in emerging market and developing economies (EMDE), and members discussed the relatively high adoption rates of global stablecoin arrangements in EMDE and the challenges posed by the risks. The FSB will further work on how to address these challenges. The FSB has been one of the main policy makers for global cryptocurrency policies. At last week's meeting, FSB members discussed areas of the cryptocurrency industry that were "worthy of further attention."

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Honda prepares to send its hydrogen tech to space

Share link:In this post: Honda is working with Sierra Space and Tec-Masters, two space technology companies, to try their high-differential pressure water electrolysis system. Honda aims for hydrogen to help it get all of its cars off carbon by 2040. Honda says it will work with NASA to get the equipment to the ISS on Sierra Space’s Dream Chaser space plane.

Cryptopolitan2025/04/04 19:12

ETH just had lowest quarterly return since Q2 2022: Blockworks Research

The network is at a “pivotal juncture,” Blockworks Research’s Marc-Thomas Arjoon said

Blockworks2025/04/04 18:22
ETH just had lowest quarterly return since Q2 2022: Blockworks Research