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FSB Chair Randal Quarles (Lintao Zhang/Getty Images)
Global Finance Watchdog Says $133B Stablecoin Sector Remains Niche
The Financial Stability Board, a G20 entity that provides recommendations for the global financial system, found stablecoins are not being used at any significant scale for payments at present.
FSB Chair Randal Quarles (Lintao Zhang/Getty Images)

Xi Jinping, China
China's Xi Asks G20 Countries to Be ‘Open and Accommodating’ to CBDCs
In a wide-ranging speech, Xi said the G20 “needs to discuss developing standards and principles for central bank digital currencies.”
Xi Jinping, China

Yousef Al-Benyan
Saudi Arabia Pitches Blockchain-Based Business Passport to Boost Trade Finance
The passport would help businesses cut through redundant red tape and flourish across borders, Saudis said.
Yousef Al-Benyan

Facebook Libra
G20 Watchdog Warns Nations to Mitigate Risks Posed by Libra-Like Stablecoins
National regulators need to be prepared for the unique risks posed by global stablecoins, the Financial Stability Board says.
Facebook Libra

bridge, mountain
Bridging the Gap Between Bitcoin and Global Regulators
We need to solve the communication problem between crypto projects and regulators to build a healthy ecosystem, writes Shin’ichiro Matsuo.
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Steven Mnuchin
All Global Crypto Exchanges Must Now Share Customer Data, FATF Rules
The Financial Action Task Force has officially ruled that crypto firms worldwide must share client data with each other.
Steven Mnuchin

v20-blockchain-event-regulation
Regulators Debate Cryptocurrency Legislation Ahead of G20 Summit
The new rules for crypto businesses will be released in June 21 but many regulators are already worried about the repercussions.
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japan, currency
G20 Reaffirms It Will Apply Expected Tough New FATF Rules on Crypto
The G20 has reaffirmed it will apply standards to counter money laundering and terrorism funding, soon to be finalized by the Financial Action Task Force.
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Japan Scrutinizing Crypto Exchanges Ahead of G20 Summit
Japan’s financial watchdog is said to be inspecting crypto exchanges over anti-money laundering measures ahead of June's G20 meeting.
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G20 Leaders Pledge Crypto-Asset Regulation After Buenos Aires Meeting
G20 leaders declared that they would regulate crypto to mitigate financial crimes in a statement after this weekend's summit.
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