Central Banking

FSB raises pressure on stablecoins as firms abandon libra

Randal Quarles
Randal Quarles: stablecoins could come to pose systemic risks

The Financial Stability Board is investigating possible regulatory gaps that could be exploited by stablecoins, ratcheting up the pressure as several major backers of the libra project drop out.

In a letter to finance ministers and central bank governors, FSB chair Randal Quarles said a working group would investigate any necessary regulatory actions around stablecoins.

“The group’s work should inform policy approaches that harness the benefits of financial innovation, while addressing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: