"The Board of IOSCO met last week in Madrid (October 30, 2019) to consider the risks and benefits of Stablecoins with a potentially global reach (IE Libra) and how securities regulation may apply.

The IOSCO Board acknowledged that stablecoins may offer benefits to market participants, consumers and investors. However, IOSCO said it is also aware of potential risks regarding “consumer protection, market integrity, transparency, conflicts of interest and financial crime, as well as potential systemic risks.”

The IOSCO Fintech Network reportedly produced an assessment as to how Principles and Standards could apply to global stablecoins."