Global watchdogs agree rules for stablecoins like Facebook's Libra

The FSB, which groups central banks and financial regulators from the Group of 20 Economies (G20) and put a draft version of its recommendations to public consultation in April, said stablecoins could bring efficiencies to cross-border retail payments, which tend to be slow and expensive.

from Hindustan Times - business https://ift.tt/3nMLxaC