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BigTech companies risk global financial stability

The Financial Stability Board (FSB) says government and regulators should closely monitor the emerging trend of BigTech companies entering the crypto payments and digital money transmission markets. BigTech Crypto Payments Pivot Could Disintermediate Banks In a report published on Sunday (December 8, 2019), the FSB called for greater monitoring of BigTech’s involvement in financial services. While acknowledging the potential for greater financial inclusion, the FSB warned that greater participation of companies like Facebook in crypto

The post BigTech Cryptocurrencies Pose Risk to Global Financial Stability: FSB appeared first on Bitcoinist.com.

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