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
Franklin Templeton XRP Spot ETF AUM Surpasses $100 Million
「ZEC&MON Top Short in History」 Take-Profit Section: The ZEC short position has made a profit of over $5 million, while simultaneously shorting MON has a unrealized gain of nearly $2 million.
Franklin Crypto Index ETF Adds ADA and 6 Other Tokens
Web3 robotics company XMAQUINA has announced the completion of a new funding round, led by Borderless.
「Whale」 Continuously Added to ETH Long Position for Nearly 2 Hours, Increasing Holdings to $8.8 Million
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]