PANews November 21 news, according to Reuters, Andrew Bailey, Chairman of the G20 Financial Stability Board (FSB), stated in a letter to G20 leaders that the rapid development of private credit markets and stablecoins urgently requires global regulatory cooperation. He warned that differences among countries in the regulation and prudential framework of stablecoins may increase systemic risks, calling for the establishment of a cross-border compliance mechanism. At the same time, he emphasized that the slow progress of major economies in implementing Basel III global banking capital standards should also be noted.

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BornForGood3913vip
· 11-21 00:59
Jamie Selway, the Director of the Division of Trading and Markets at the SEC, emphasized at the SIFMA Market Structure Conference that rebuilding market trust is a core mission, while also focusing on the innovative potential of "trustless" digital assets. The Division of Trading and Markets actively communicates with market participants to promote policy updates and achieve fair competition.
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