Bank of Japan President: FSB and FATF are expected to propose stable currency regulation to G20 next year

Bank of Japan President Kuroda said that the G20 will discuss how to regulate stable assets based on recommendations from standards bodies such as the Financial Stability Board (FSB) and the Financial Action Task Force (FATF). These institutions are expected to report their findings on stable assets to the G20 next year. The G20 previously stated that Libra “will pose serious risks” in terms of regulation and other aspects, and should not be issued before responding to risks.