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
The US Bank has approved a wealth advisor's recommendation for investors to allocate 1%–4% of their assets to cryptocurrency.
Sonnet Biotherapeutics Receives Shareholder Approval to Merge with Hyperliquid Strategies
CZ: Predicts More All-Time Highs Coming Soon, Exact Timing Unknown
「Rising Star 100% Win Rate Trader」 Goes Short with 40x Leverage on 500 BTC
「Bull Buddy」 is once again hyping up for a long position, with an average entry price of $31.97.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]