G20 watchdog says stablecoins could undermine financial stability and that major world economies must implement a regulatory framework to confront the risk
Stablecoins could undermine financial stability and major world economies must confront this risk by implementing a suitable regulatory framework …
Financial Stability Board (FSB) has recommended that G20 Central Banks either ban or regulate Stablecoins. Not surprised. 😕 This was inevitable. DeFi will need to appease regulators to scale. Curious how crypto and DeFi community will respond to this. https://twitter.com/...
The Final Boss has emerged Central bankers want to ban stablecoins Not just Tether, DAI too They're a “threat to the stability of the financial system” Translation: they want to roll their own digital currencies so they can control you & stay in power FUCK THAT
G20 Governments are all worried about #stablecoins in general. With laws enabling coins + payment services act. This issue has gone a lot bigger. Purely my own opinion. #Libra is just a by product. Bigger players coming soon too. #Crypto #Blockchain #Fed #MoneyInTheBank #China ht…
https://cryptobriefing.com/... If the G20 heeds the recommendation put forth by the FSB, the stablecoin ecosystem, as people know it, will face immeasurable peril.
3/ Finally, 1) Why LIBRA is so important to these G20 countries, that they need to change their regulations? 2) All countries are releasing their own CBDC's, then why private Global Stable Coin(LIBRA) is needed? 3) What are governments secretly planning in the name of LIBRA?