Global regulators now eyeing fintech

FSB chairman Mark Carney said in a letter to central bankers and finance ministers from the Group of 20 economies meeting in Shanghai that assessing the systemic implications of fintech innovations would form part of the task force’s core policy work this year.

It marks the first time that regulators at the global level have begun scrutinising fintech, a sector that includes blockchain, the distributed ledger technology underpinning bitcoin that proponents say could radically change payments systems.

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