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G7 evaluates Stablecoins as risk to global financial stability

G7 evaluates Stablecoins as risk to global financial stability

In a letter to G20 finance ministers and central bank governors on Sunday, the Financial Stability Board’s (FSB) chair Randal Quarles said the G7 working group is delivering an assessment report on opportunities and challenges posed by global stablecoins. The regulator presents a range of issues stemming from stablecoins, including data privacy and protection, tax evasion, in the letter.

Timothy
Timothy
Indo
Indo 1 year

Well of course it is. Otherwise, economies would be sucked into black holes wholly. Digital coins have to take the place of the void left by physical coins hit by inflation.

Tin Ego
Tin Ego 1 year

Isn’t that what physical gold does already?

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