Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Goldlife on May 09, 2021, 07:16:03 PM

Title: Crypto-assets and Global “Stablecoins”
Post by: Goldlife on May 09, 2021, 07:16:03 PM
Starting in 2018  the FSB undertook work to consider risks to financial stability from crypto-assets. Its work concluded that based on the available information, crypto-assets do not pose a material risk to global financial stability at this time. However, vigilant monitoring is needed in light of the speed of market developments. Should the use of crypto-assets continue to evolve, it could have implications for financial stability in the future. Such implications may include: confidence effects and reputational risks to financial institutions and their regulators; risks arising from direct or indirect exposures of financial institutions; risks arising if crypto-assets became widely used in payments and settlement; and risks from market capitalisation and wealth effects.

Crypto-assets do however raise several broader policy issues, such as the need for consumer and investor protection; strong market integrity protocols; anti-money laundering and combating the financing of terrorism (AML/CFT) regulation and supervision, including implementation of international sanctions; regulatory measures to prevent tax evasion; the need to avoid circumvention of capital controls; and concerns relating to the facilitation of illegal securities offerings. These risks are the subject of work at national and international levels and are outside the primary focus of the FSB’s work.



More info: https://www.fsb.org/work-of-the-fsb/financial-innovation-and-structural-change/crypto-assets-and-global-stablecoins/
Title: Re: Crypto-assets and Global “Stablecoins”
Post by: kent47400 on May 14, 2021, 08:23:59 AM
The regulation of this stable coin must be combined with various governments and financial institutions in order to maintain the security of the parties for stable coins.
Lots of stable coins have been created and it is difficult to get back up again due to various factors from the existing regulations and this is a proof that stable coins must get protection from the government and local financial institutions.