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BigTech Cryptocurrencies Pose Risk to Global Financial Stability: FSB

The Financial Stability Board (FSB) says government and regulators should closely monitor the emerging trend of BigTech companies entering the crypto payments and digital money transmission markets. BigTech Crypto Payments Pivot Could Disintermediate Banks In a report published on Sunday (December 8, 2019), the FSB called for greater monitoring of BigTech’s involvement in financial services....
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Int’l Finance Watchdog Appoints Japanese Cryptocurrency Regulator

The Financial Stability Board (FSB) has appointed Ryozo Himino, Japan’s top cryptocurrency regulator, as the new head of its Standing Committee on Supervisory and Regulatory Cooperation. FSA Cryptocurrency Regulator Joins FSB In a press statement issued on Monday (September 2, 2019), the international financial system watchdog announced Himino’s appointment. According to the press statement, the...
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