Former Governor of the People's Bank of China Zhou Xiaochuan: Stablecoins May Trigger Speculation, Limited Advantage in Cross-Border Payments
BlockBeats News, August 28th, according to Bloomberg, former central bank governor Zhou Xiaochuan warned in a closed-door meeting in mid-July that stablecoins could trigger speculative behavior, thereby undermining financial stability.
Zhou Xiaochuan pointed out that stablecoins have limited advantages over China's existing retail payment system in terms of cost, and the notion that traditional cross-border payments are "very costly" may be exaggerated. He also stated that the regulatory frameworks in the U.S., Hong Kong, and Singapore have not yet fully protected the requirement that stablecoins should be "fully backed by liquid assets," emphasizing the need to be vigilant against their excessive use on speculative asset trading platforms leading to fraud and systemic risks.
También te puede gustar
Ganadores
Últimas noticias cripto
Júpiter lanza el token HumidiFi WET ICO Guidelines
La compañía minera de criptomonedas apoyada por la familia Trump vio su precio de acciones "reducido a la mitad" en 30 minutos.
Deutsche Bank: Si el próximo presidente de la Fed no aborda eficazmente los riesgos de inflación, el dólar estadounidense podría enfrentar una presión a la baja
El trader nueve veces ganador sufre la primera derrota, cerrando la posición corta con más de $1.78 millones en pérdidas
El tamaño de los activos del mercado monetario de EE.UU. supera los 8 billones de dólares por primera vez
Atención al cliente:@weikecs
Cooperación comercial:@weikecs
Trading cuantitativo y MM:[email protected]
Servicios VIP:[email protected]