The Financial Stability Board (FSB), which coordinates rules for the Group of 20 (G20) economies, has issued recommendations for regulating “global stablecoins” such as the Facebook-led Libra project.
The ten “high-level” recommendations, published Tuesday in a 67-page report, seek to promote “consistent” and “effective” regulation of global stablecoins.
“The recommendations aim to mitigate the potential risks with the use of GSCs [global stablecoins] as means of payment and/or store of value, both at the domestic and international level, while supporting responsible innovation and providing sufficient flexibility for jurisdictions to implement domestic approaches,” said the FSB.
The G20 members are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, South Korea, Russia, Saudi Arabia, South Africa, Turkey, the U.K., the U.S. and the European Union (EU).
The FSB said it aims to bring in regulations that are “proportionate to the risks” posed by global stablecoins - but also taking into consideration how those risks may change over time.
The recommendations apply the principle of “same business – same risks – same rules,” independent of the underlying technology of stablecoins.
Ten “high-level” recommendations
The recommendations follow on from calls by the G20 in June 2019 for the FSB to address regulatory issues.
The FSB’s recommendations are open for public feedback until July 15. The final recommendations, factoring in feedback, will be published in October 2020.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
