Financial Stability Board to Assess Potential Risks of Stablecoin
Noting that global stablecoins, such as Libra, could change the FSB's existing assessment that crypto-assets do not present a material risk to financial stability, the FSB intends to examine existing supervisory and regulatory approaches in the area, focusing on any cross-border issues. The FSB will use that information to consider whether regulatory changes are necessary to address any risk concerns that a single stablecoin or stablecoins as an ecosystem may raise. Following that, the FSB will advise on any multilateral responses that may be needed to mitigate against a risk to financial stability. The FSB will publish an advisory report in April 2020 and the final report to the G20 ministers in July 2020.