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
Pump.fun protocol revenue in the last 24 hours surpasses Hyperliquid
Analysis: BTC May Rebound in Q1 Next Year, Current Trend Highly Resembles 2022 Bear Market
KOL Disclosure: Last night's abnormal price plunge of SAHARA was due to its primary liquidity provider being liquidated.
Goldman Sachs: Fed Rate Cut at the upcoming December meeting is almost a done deal
In the last 24 hours, CEX net outflow was 19541.03 BTC
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]