Transcription of Investigating the impact of global stablecoins
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G7 Working Group on stablecoins Investigating the impact of global stablecoins October 2019 Investigating the impact of global stablecoins i Contents Executive summary .. ii 1 The stablecoin ecosystem .. 2 Improving payment systems and services .. 3 and risks for public policy, oversight and regulation .. 5 Legal, regulatory, oversight and public policy issues regardless of scale .. 5 Legal certainty .. 5 Sound governance .. 6 Financial integrity (AML/CFT) .. 7 Safety, efficiency and integrity of payment systems .. 7 Cyber and other operational risk considerations .. 8 Market integrity .. 9 Data protection .. 9 Consumer/investor protection .. 10 Tax compliance .. 11 Public policy challenges inherent in potential global stablecoins (GSCs) .. 11 Fair competition in financial markets .. 11 Financial stability implications .. 12 Monetary policy 15 , regulatory and oversight frameworks applicable to GSCs.
• Money laundering, terrorist financing and other forms of illicit finance • Safety, efficiency and integrity of payment systems ... (FATF) Recommendations for AML/CFT and countering the financing of proliferation of weapons of mass ... and to submit a consultative report to the G20 Finance Ministers and c entral bank Governors in April ...
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