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Nalezeno "us financial stability": 247

Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second

5.12.2020
The Facebook fronted stablecoin, Diem (formerly Libra)’s dismal testnet results undercut the assertion that the digital currency is a threat to global financial stability. This is the conclusion that can be deduced from a Diem blockchain explorer update which shows the network only processes...

US Treasury Wants Regulators to Watch for ‘Potential Risks’ in Digital Asset Innovation

4.12.2020
The department wants state and federal regulators to keep a vigilant watch on digital asset innovation

ECB Chief Christine Lagarde Downplays Bitcoin’s Risks to Financial Stability, Troubled by Stablecoins

1.12.2020
ECB President Christine Lagarde downplays any risks bitcoin and other cryptocurrencies could pose to financial stability and monetary sovereignty. In contrast, she sees stablecoins, such as Facebook-backed libra, as posing “serious risks.” Christine Lagarde, Bitcoin,...

Printing $1.7 Trillion for Climate Change: How Joe Biden’s Administration Aims to Push the ‘Green New Deal’

13.11.2020
In 2020, the U.S. Federal Reserve has injected an enormous amount of U.S. dollars to special interests in the banking sector in order to combat the economic effects stemming from the coronavirus outbreak. This week the central bank published its financial stability report and the Fed discussed...

FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls

18.10.2020
The Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) as well as to promote...

FSB Recommends Stablecoin (Libra) Safeguards as G7 Continues Blockade

13.10.2020
Finance officials never once named Libra. But they didn't have to; the proposed stablecoin's shadow still loomed

How Global Stablecoins Can Promote Financial Stability in the World

27.6.2020
Global stablecoins could provide market participants with a cost-efficient means to rebalance their capital across global markets

G20 Considers 10 Rules for Regulation of Stablecoins Like Facebook Libra

15.4.2020
The G20 is setting rules to regulate stablecoins such as Facebook’s Libra cryptocurrency. Responding to a call by the G20, the Financial Stability Board (FSB) has provided 10 “high-level” recommendations that establish a regulatory framework for stablecoins. Also read:...

G20 Watchdog Warns Nations to Mitigate Risks Posed by Libra-Like Stablecoins

14.4.2020
National regulators need to be prepared for the unique risks posed by global stablecoins, the Financial Stability Board says

G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards

24.2.2020
The G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force. They were also...

Bank of England’s Stablecoin Ruling Targets Financial Stability, Exec Says

27.1.2020
Financial stability was a key factor in the Bank of England's decision to hold stablecoin payment systems to the same regulatory standards as existing payment chains

Another Bank Run Highlights China’s Brewing Financial Crisis

28.11.2019
A regional lender has become the latest victim of the growing liquidity crunch in the world’s most populous country. Yingkou Coastal Bank, operating in the northeastern Chinese province of Liaoning, is the second institution within less than a month to see its financial stability threatened...

Stablecoins ‘Pose Risk to Financial Stability’ Warns Federal Reserve

16.11.2019
Stablecoins only “complementary” if they obey regulators, suggests Fed

Stablecoin Crisis Could Wreck Global Finance, Fed Warns in New Report

15.11.2019
The Fed warned that a stablecoin crisis could wreak havoc on the global economy and outlined the steps issuers must take to protect the status quo.

Global Crisis Looms as IMF Report Cites Its Own Policy as Dangerous

18.10.2019
In a new report by the International Monetary Fund (IMF) entitled “Global Financial Stability Report: Lower for Longer,” the group gives an overview of the current debt-ridden and precarious state of affairs in global economics. Not lost on some economists, however, is the irony that...

G20 Informed Stablecoins Could Pose Financial Stability Risk

16.10.2019
The Financial Stability Board has informed the G20 finance ministers and central bank chiefs of the risks stablecoins could pose to financial stability. Unlike crypto assets which do not pose financial stability risk at this time, stablecoins could pose a host of challenges. Also read: Unicef...