On June 6, 2019, the Financial Stability Board (the
"FSB"), an international body that
coordinates the work of national financial authorities, published a
report on "Decentralised financial
technologies" in response to a request by the
Japanese presidency of the G20. The report, which was delivered to
G20 finance ministers and central bank governors for their June 8-9
meeting in Fukuoka, Japan, considers the financial stability,
regulatory and governance implications of the use of decentralised
financial technologies ("Fintech") such
as those involving distributed ledger technology
("DLT") and online peer-to-peer
("P2P") platforms.
Applications and Potential Benefits of Decentralised
Fintech