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Financial Stability Board (FSB) warns G20 that cryptocurrencies and stablecoins may impact financial stability

According to online reports, the Financial Stability Board (FSB) submitted an interim report to the G20, focusing on cross-border payments, cryptocurrencies and stablecoins. The report pointed out that progress on cross-border payment targets has been limited, and that the rapid growth of cryptocurrencies and their integration with traditional finance may impact financial stability. Although most countries have regulatory frameworks, they are mainly focused on anti-money laundering and sanctions compliance, and have not yet fully covered financial stability risks.

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