G7 group warns of stablecoin risks as FSB sets out plans


The G7 group on stablecoins says these new payment methods could create major financial stability risks and undermine efforts to combat money laundering and terrorist financing.

In its final report, published today (October 18), the group acknowledges shortcomings in existing cross-border payment systems. But it says a “global stablecoin”, or GSC, could rapidly scale up to become a systemic threat to the global financial system.

The G7 group is handing over its regulatory remit to the

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: