Financial Stability Board concerned about stablecoins
The G20’s Financial Stability Board has identified multiple systemic threats to global financial systems should stablecoins be “widely adopted.”
Japan’s FSA considering over 100 new exchange applications
Japan has a reputation as a crypto-friendly nation. Following the Coincheck hack in 2018, Japan tightened controls over the entry of new exchanges as well as existing trading platforms. In 2019, the sentiment is thawing and a number of new platforms appear set to enter the market.
No crypto updates from G20 meeting — ‘monitoring’ to continue
The Financial Stability Board, an international body that advises G20 on global financial systems, presented a framework for monitoring cryptocurrency assets at this year's meeting. This states that while crypto doesn’t currently pose a threat to financial stability, careful monitoring of the market is needed in future.
Binance denies ‘criminal warning’ from Japanese regulator
The sharp pullback in the price of Bitcoin late on Thursday was attributed to the news that Japan's regulator had issued a warning to Binance, one of the world's biggest cryptocurrency exchanges, that it was operating in the country illegally and criminal charges would be filed if it did not cease.
