Data Privacy & Security Data Privacy & Security

Global 'stablecoins' like Libra should be regulated like banks, FSB says

By Fiona Maxwell
  • 14 Apr 2020 03:30
  • 14 Apr 2020 04:59
Digital assets like Facebook’s proposed Libra should be regulated with the same rigor as the activity at global banks, the Financial Stability Board said today.

Setting out recommendations for the regulation, supervision and oversight of  "stablecoins," the FSB called for national authorities to be granted powers to match the risks virtual assets pose,

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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