FSB

WTO

2026-09-14 15:08:49

WTO says stablecoins make up just 3% of cross-border payments as regulation lags

The World Trade Organization said stablecoins account for only 3% of cross-border trade settlement, arguing that the main obstacle is not technology but fragmented regulation across jurisdictions. In a report released Monday in Geneva, the WTO cited a Financial Stability Board survey of 28 jurisdictions showing that only 11, or 39%, have completed stablecoin regulatory frameworks, leaving 61% without finalized legislation. The report said stablecoin use in cross-border payments grew 35-fold between 2020 and mid-2024, suggesting demand has already emerged while rulemaking has not kept pace. It also outlined five areas where stablecoins could ease pain points in global trade, including costs, speed, access, transparency, and foreign-exchange restrictions. The WTO said developing economies stand to benefit the most, especially in remittances, where more than $600 billion is sent home each year through traditional channels at average fees of 5% to 7%. At the same time, companies including Mastercard and Western Union are already testing or expanding stablecoin-linked payment services, adding to evidence that industry activity is moving faster than regulation.

840

WTO

2026-09-14 13:35:02

WTO official says regulation, not technology, is holding stablecoins back in trade

Stablecoins face their biggest hurdle in international trade not on the technical side, but in the lack of clear and consistent regulation, according to Juan Marchetti, director of the Trade in Services and Investment Division at the World Trade Organization. Speaking in Geneva at the launch of a WTO research report on stablecoins and trade, Marchetti said fragmented rules remain the main barrier to broader adoption. Citing an October 2025 report from the Financial Stability Board, he said only 11 of 28 surveyed jurisdictions had completed stablecoin regulatory frameworks, or roughly 39%. The WTO report also said stablecoins currently account for just 3% of total global international payments. At the same time, the report pointed to fast growth in cross-border use. Stablecoin cross-border payment volume rose 35-fold between 2020 and mid-2024. The WTO said the technology could help address five long-standing trade finance pain points: high costs, slow processing, limited access, weak transparency and foreign exchange conversion.

920

G20

2026-09-02 06:18:12

G20 Finance Leaders Pledge Clearer Digital Asset Rules After Asheville Summit

G20 finance ministers and central bank governors closed a two-day meeting in Asheville, North Carolina, with a statement pledging clearer rules for digital assets. The group said digital financial innovation, including digital assets, can support broad-based economic growth and plays a key role in driving private-sector innovation. Members committed to responsible and effective regulation and supervision frameworks that safeguard financial stability, support growth and create a clear path for sound digital finance and digital asset innovation, with cross-border opportunities and challenges weighed where appropriate. Officials said they look forward to the Financial Stability Board's forthcoming findings on cross-border implications of global stablecoin arrangements, as well as reporting on stablecoin data sources, availability and potential challenges. They also reaffirmed the G20 roadmap for enhancing cross-border payments and called for extending operating hours of large-value payment systems. The United States, the European Union and Japan are among members that have reviewed how digital assets and stablecoins could improve the efficiency and accessibility of existing financial and payment systems, and have already established relevant frameworks.

800

FSB

2026-08-31 07:51:08

FSB warns AI-driven cyber risks could threaten global financial stability

The Financial Stability Board, or FSB, has warned that artificial intelligence-driven cybersecurity risks could disrupt global financial stability. The warning points to growing concern over how AI-related threats are spreading across the financial sector and how those risks may affect the broader system. The FSB said the situation highlights the urgency of building stronger regulatory frameworks and reducing concentrated dependence on specific technologies. It also called on regulators around the world to stay alert to rising AI-linked cyber threats in finance and to take action. The update was cited by Techub News, which referenced Crypto Briefing.

760

Bank of Engla

2026-08-31 07:15:38

Bank of England Governor Warns Advanced AI Could Amplify Financial Crisis Risks

Bank of England Governor Andrew Bailey, who also chairs the Financial Stability Board, warned G20 finance ministers and central bank governors that cyber risks tied to advanced AI models could interact with existing weaknesses in the global financial system. He said those vulnerabilities include high inflation, high interest rates and leverage in financial markets, and that together they could raise the risk of a severe shock. Bailey also said current financial defenses could come under heavy strain if multiple financial institutions or shared technology providers suffered systemic disruptions at the same time. He pointed to the rapid improvement of AI-driven cyberattacks and identity fraud, while noting that some countries still lack mature regulatory frameworks covering the development, release and deployment of advanced AI models. He added that elevated valuations linked to the AI boom, debt pressure in sovereign and private credit markets, and rising market leverage could all act as triggers for a disorderly market adjustment. Bailey urged financial institutions to deploy bare-metal backup systems that are physically separated from their main networks to improve recovery after a catastrophic cyberattack.

850

Russia

2026-08-08 04:13:07

Russian FSB Raids 9 Illegal Crypto Exchange Offices in Moscow, Detains More Than 20

Russia's Federal Security Service (FSB) raided nine illegal cryptocurrency exchange offices in the Moscow City business district on Aug. 7, 2026, and detained more than 20 employees, according to a Coinpost report carried by Techub News. The authorities accuse the exchangers of helping move fraud proceeds to Ukraine by selling cryptocurrencies to local residents and sending the money to accounts specified by the Ukrainian side. Russia's Interior Ministry has opened criminal proceedings under fraud provisions, and a conviction carries a maximum sentence of 10 years in prison. The exchange offices reportedly relied on young people from Russian regions with limited financial literacy, many of whom worked remotely. Some staff members were even tricked by superiors posing as FSB officers. Another group, aged 18 to 25, was responsible for collecting money from victims and handing it to the exchange offices. Investigators are still determining the full scope of the case, verifying testimony and exploring options to compensate victims.

510

Russia

2026-08-07 12:40:54

Russian FSB Raids 9 Unregistered Crypto Exchanges in Moscow, Detains 20+ Staff

Russia's Federal Security Service (FSB) searched nine unregistered cryptocurrency exchange service providers in Moscow and detained more than 20 employees at the Moscow International Business Center. The FSB said the companies were suspected of using crypto assets to move funds obtained through fraud abroad. The searches were part of a joint operation with Russia's Interior Ministry. According to the FSB, the exchanges converted money stolen from Russian telephone scam victims into cryptocurrency and transferred the funds to accounts the FSB says belong to Ukrainian processors. Russia's Interior Ministry has opened a criminal investigation into large-scale fraud. Under Russian law, the offense carries a maximum prison sentence of 10 years. The FSB said it is continuing to identify victims and assess possible compensation.

1830

Russia

2026-08-04 10:38:47

FSB plans to extend SORM requirements to crypto exchanges and gaming platforms in Russia

Russia’s Federal Security Service, or FSB, is preparing to widen the scope of SORM, the country’s operational investigative measures system, to cover cryptocurrency exchanges and gaming platforms, according to a report by The Bell cited by ChainCatcher. Alexander Samoilov, an official from the FSB’s 12th Center, disclosed the plan at the KROS annual conference on network technologies held in Sochi in May 2026. Under the proposal, affected platforms would be required to install the system and share user data with security agencies in real time. Samoilov also said that 10 years after the 2016 passage of the Yarovaya law, implementation of the relevant provisions stands at only about 80%. The Bell added that market participants view even that estimate as too high. In a separate finding, The Bell reported that after the Crocus City Hall terrorist attack, the FSB’s Second Service used large-scale inspections of SORM systems to tighten its control over Russia’s internet.

1790