Many Existing Stablecoins May Not Meet Upcoming Crypto Regulations, FSB Chair Warns

The Financial Stability Board (FSB) said that many stablecoins will not meet the requirements stipulated in its upcoming recommendations for cryptocurrency asset regulation. What Happened: According to an official document published Monday, the regulator emphasized the importance of maintaining effective “stabilization” mechanisms and strengthening redemption rights, in order to ensure the stability of the financial system and the protection of investors’ rights.