The Financial Stability Board has warned G20 policymakers about stablecoin risks and AI-related cybersecurity threats. The FSB found that only 11 of 28 surveyed jurisdictions have finalized stablecoin regulatory frameworks, while cross-border oversight mechanisms remain underdeveloped. The watchdog also flagged that stablecoin runs could spill into traditional markets through forced sales of reserve assets and withdrawals of bank deposits. For AI, the FSB finalized practices covering cybersecurity and third-party risks, with Chair Andrew Bailey warning that sophisticated cyber threats enabled by AI could undermine critical financial institutions.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
