G20 watchdog issues recommendations for regulating ‘global stablecoins’

Quick Take

  • The Financial Stability Board (FSB), the G20 supervisory body, has issued ten “high-level” recommendations for regulating “global stablecoins” 
  • The recommendations seek to promote “consistent” and “effective” regulation of global stablecoins, such as Facebook’s Libra 

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