Global cooperation on stablecoins critically important, BIS says - Reuters
Global cooperation on stablecoins critically important, BIS says Reuters
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"Without it, 'divergent regulatory frameworks for stablecoins across jurisdictions could lead to severe market fragmentation or enable harmful regulatory arbitrage.'"
— Pablo Hernandez de Cos , Executive
"'Runs' on stablecoins could trigger market stress although that risk could be 'much reduced' if stablecoin issuers had access to deposit insurance-type arrangements."
— Pablo Hernandez de Cos , Executive
"Progress on international standards for stablecoins had slowed over the last year."
— Andrew Bailey , Executive
"the potential of stablecoins to undermine monetary and fiscal policy, cause financial market stress and hamper the fight against illicit financing, meant global coordination was of 'critical importance'."
— Pablo Hernandez de Cos , Executive
"'runs' on stablecoins could trigger market stress, although that risk could be 'much reduced' if stablecoin issuers had access to deposit insurance-type arrangements or central bank lending facilities."
— Pablo Hernandez de Cos , Executive
"progress on international standards for stablecoins had slowed over the last year."
— Andrew Bailey , Executive
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<a href="https://news.google.com/rss/articles/CBMiswFBVV95cUxNV1g1OGdjazQyMnpJbWJBbXZQbEhTcnNrQ0dRM2xYYnNlcjN3YTVkR0ZKTldHcXVrR3RyRHBkXzZsOTFFcEJCOWliR0VwRENUdVoxVHYyUDZ2cDdyNDBFMS16ZGpZX3pwNHNuWURlX0NWVXdBcWU5MUt2NENUblBNQTB0eWpPTml3YU53T0gtS0p1bl9xaVM0bHRNamNwWWFwQ1ZXMVczeE9BZmF6aTZVQlhOWQ?oc=5" target="_blank">Global cooperation on stablecoins critically important, BIS says</a> <font color="#6f6f6f">Reuters</font>
BIS General Manager Pablo Hernandez de Cos emphasized the need for global coordination on stablecoin regulation to avoid market fragmentation and regulatory arbitrage.
BIS General Manager Pablo Hernández de Cos highlighted the necessity of international coordination on stablecoin regulation to prevent market fragmentation and regulatory arbitrage.
BIS General Manager Pablo Hernandez de Cos called for international cooperation on stablecoins to prevent market fragmentation and regulatory arbitrage.
BIS General Manager Pablo Hernández de Cos emphasized the need for international collaboration on stablecoin usage to prevent market fragmentation.
The head of the Bank for International Settlements (BIS) has called for international cooperation on stablecoins to prevent market fragmentation and regulatory arbitrage.
The head of the Bank for International Settlements (BIS) has called for international cooperation on stablecoins to prevent market fragmentation and regulatory arbitrage.
BIS General Manager Pablo Hernandez de Cos emphasized the need for global coordination on stablecoin regulation to prevent market fragmentation and regulatory arbitrage.
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