Tag Archives: FSB

Bitcoin Does Not Threaten Global Economy According To FSB

Bitcoin and other cryptocurrencies do not pose a threat to the world economy, but should be monitored as the market “continues to evolve rapidly.” That’s the assessment of the Financial Stability Board (FSB), an international body that monitors the global economy. Continue reading Bitcoin Does Not Threaten Global Economy According To FSB

Cryptos Don’t Pose Risks to Global Financial Stability

The Financial Stability Board (FSB), an international body that monitors the global financial system to promote stability and coordinates financial regulation for G20 nations has dismissed calls from some G20 members to regulate cryptocurrencies like bitcoin. In a letter [PPDF] sent to G20 finance ministers and central bank governors on the eve of this year’s G20 summit in Argentina, FSB chairman Mark Carney has stressed that cryptocurrencies do not represent a threat to the global financial system, following a review by the authority. Continue reading Cryptos Don’t Pose Risks to Global Financial Stability