GSC Regulation refers to the regulatory frameworks and policy initiatives specifically targeting Global Stablecoin Arrangements. These regulations seek to address the potential risks that stablecoins with global reach could pose to financial stability, monetary policy, and consumer protection. It aims to establish clear rules for their issuance, operation, and oversight across jurisdictions. This regulatory focus is a response to their potential systemic impact.
Context
Discussions around GSC Regulation are prominent in international financial news, with bodies like the Financial Stability Board and G7 actively developing common approaches. Recent legislative proposals in various national jurisdictions reflect efforts to implement these guidelines. The ongoing focus remains on preventing regulatory arbitrage and ensuring a level playing field with traditional financial services, promoting market fairness and security.
Global jurisdictions' uneven implementation of the FSB framework heightens regulatory arbitrage risk, demanding immediate GSC and CASP compliance focus.
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