FSB: Warns about cross-border regulation of stablecoins and AI risks, calls on G20 to strengthen protections

According to Cointelegraph, the Financial Stability Board (FSB) warned in a document submitted to G20 finance ministers and central bank governors that cross-border regulation of stablecoins, crisis management mechanisms, and AI-related cybersecurity risks still need further improvement.

FSB Chair Andrew Bailey stated that the current cross-border regulation of stablecoins and crisis management mechanisms "are still immature or have not yet been established."