Situs Slot Gacor Slot Gacor Gampang Menang Situs Slot Gacor

Stablecoins cause serious regulatory risk

The G20 chiefs of the world agree that global stablecoins give rise to a set of public policies and regulatory risks.

On October 18, Reuters reported that the G20, an international forum for governments and central bank governors from 19 countries and the European Union, has urged the International Monetary Fund to investigate various macroeconomic implications of global stablecoins, including monetary sovereignty issues in member states.

Members say stablecoins pose a serious risk to global finance

As per the report, nations agreed that global acceptance of stablecoins would lead to a set of serious public policies and regulatory risks. G20 Finance Ministers stated:

"Such risks, especially those related to money laundering, illegal finance and consumer and investor protection, must be properly evaluated and addressed before these projects can begin operations."

Bank of Bank of Japan Governor Haruhiko Kuroda said the G20 summit will begin with a debate on Stabecoin regulations ̵[ads1]1; following proposals from global regulators such as the Financial Stability Board and the Financial Action Task Force. Kuroda stated:

“Some emerging countries are worried about what might happen if stalwarts backed by a huge customer base are widely used globally […] But this is not just a problem for emerging economies. It can have a broader impact on monetary policy and the stability of the financial system. ”

Stablecoin worries many among large economies

The news follows a recent report from the G7 working group that stablecoins such as Facebook's Libra pose a significant risk to the global economic system.

In the report requested by G7 finance ministers and central bank governors, the working group confirmed that the group of the seven richest nations would not allow any global stablecoin to start without addressing related challenges and risks. [19659011] window.fbAsyncInit = function () {FB.init ({appId: & # 39; 1922752334671725 & # 39 ;, xfbml: true, version: & # 39; v2.9 & # 39;}); FB.AppEvents.logPageView (); }; for (function (d, s, id) {var js, fjs = d.getElementsByTagName (s) [0]; if (d.getElementById (id)) {return;} js = d.createElement (s); = id; js.src = ""; js.async = true; fjs.parentNode.insertBefore (js, fjs);} {document, & # 39; script & # 39 ;, & # 39; Facebook-jssdk & # 39;));

Source link

Back to top button