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Stablecoins, including Facebook-led Libra, could come under securities rules, says global watchdog
The International Organization of Securities Commissions (IOSCO), a global securities watchdog, has said that stablecoin proposals and initiatives, such as the Facebook-led Libra project, could come under some existing securities market regulations. In a statement published Monday, Spain-headquartered IOSCO said that given the potential benefits and risks of stablecoins, a case-by-case approach is needed to establish which specific securities rules would apply. But, in general, stablecoins "can include features that are typical of regulated securities,” said Ashley Alder, Chair of the IOSCO board. It means that ... (full story)
