Financial Stability Board

The global standard-setters have declared that no current stablecoin satisfies all pertinent regulatory mandates and that even if a fully compliant stablecoin were to emerge, its efficacy in enhancing cross-border payments remains questionable. This revelation is like to be a topic of...

Israel has intensified efforts to disrupt Hamas' access to cryptocurrency market. What Happened: Financial Times reported that, since Hamas' Oct. 7 attack, dozens of cryptocurrency accounts have been closed and millions of dollars’ worth of crypto coins were seized. More than 100...

The Basel Committee on Banking Supervision, in an effort to increase transparency and oversight in the banking sector, wants banks to disclose their crypto asset holdings. What Happened: The committee made the decision during the recent meeting, which took place on Oct. 4 and Oct. 5 in Basel. In...

As the current chair of the G20, India has expressed its support for the Financial Stability Board's (FSB) proposed global framework for cryptocurrencies, which was released in July. The nation has also highlighted the importance of addressing the risks associated with digital assets,...

Nationwide Building Society and HSBC Holdings plc (NYSE: HSBC) implemented new limits on retail customers’ access to cryptocurrency assets, following industry scandals and regulatory warnings. What Happened: Nationwide Building Society announced Thursday it would be applying daily limits...

The Financial Stability Board (FSB) said that many stablecoins will not meet the requirements stipulated in its upcoming recommendations for cryptocurrency asset regulation. What Happened: According to an official document published Monday, the regulator emphasized the importance of maintaining...

Facebook, Inc. (NASDAQ: FB)'s bold move into the cryptocurrency space with the planned launch of Libra in 2020 is certain to draw the attention of regulatory authorities. 'High Standards Of Regulation' The Cambridge Analytica data scandal in 2018 involved the harvesting of personal data...