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Join Our Telegram channel to stay up to date on breaking news coverage The Financial Stability Board is an international body created by the G20, which has laid out its set of advice and suggestions for crypto regulation worldwide. In its recent set of statements released around 4 days ago, the Financial Stability Board has stated how most stablecoins are not compliant with FSB’s recommendations for maintaining financial stability. This report comes after another 2020 report that involved 10 high-level recommendations.  It featured the regulation, supervision, and oversight of the so-called global stablecoin situation. Coming to 2022, the advisory body aims to understand their previously published recommendations and figure out the gaps found in the existing framework, with respect to current policies . Let us know what high-level recommendations FSB has in mind and what it means for the crypto industry’s future. What Does The FSB’s Report Involve? Th...

Mastercard has outlined five key crypto areas it is working on in order to “turn cryptocurrencies into an everyday way to pay.” A Mastercard executive opined : “Someday soon, the ability to own and spend a digital currency could be as seamless as making a contactless card payment.” Mastercard Focusing on 5 Major Areas Covering Crypto, Metaverse, and NFTs Mastercard highlighted on Wednesday five different areas it is working on in order to “turn cryptocurrencies into an everyday way to pay.” Raj Dhamodharan, executive vice president of Digital Asset and Blockchain Products & Digital Partnerships at Mastercard, explained: “Digital assets like cryptocurrencies and central bank digital currencies [CBDCs] have the potential to transform the financial system’s infrastructure.” He added that non-fungible tokens (NFTs), blockchain gaming, and metaverse experiences “could change how consumers shop and communicate.” The ex...