Bank for International Settlements: Stablecoin Rapid Growth Will Bring Regulatory Risks
BlockBeats News, July 12th, the Bank for International Settlements (BIS) issued a statement warning that the rapid expansion of stablecoins is posing new policy challenges for financial regulatory authorities. The report stated that since 2023, the total value of the stablecoin market has doubled to around $255 billion, with over 90% concentrated in two USD-pegged tokens. BIS pointed out that stablecoins lack the fundamental protection of bank deposits and are highly reliant on the US dollar, which could weaken existing foreign exchange regulations and make it difficult for law enforcement agencies to freeze illicit funds.
You may also like
Gainers
Latest Crypto News
Wintermute's founder denies shorting MON
Even though there were rumors that Powell would "resign," the market did not bet on him stepping down this year
Yearn: The recent yETH-related exploit did not impact the yCRV product
「Top ZEC Short Position on Hyperliquid」 ZEC Short Turns from Loss to Profit, Account Records Nearly $15 Million in Unrealized Gains
Crypto Faces "Black December" as Bank of Japan Hawkish Comments Could Be Catalyst for Recent Sell-off
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]