FSB is investigating the regulatory potential of stablecoins

Randal K. Quarles, chairman of the Financial Stability Board (FSB), said the rise in stablecoins could pose regulatory challenges for the financial services industry.

Quarles: stablecoins could affect the whole world

Speaking to an audience at the European Banking Federation’s summit in Belgium, Quarles said: “Although there is little risk to financial stability today, there is no doubt that the potential scale of stablecoins and other crypto assets that are yet to emerge …

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