BIS warns stablecoins risk fragmenting the global financial system
The Basel-based Bank for International Settlements (BIS) has warned that private digital tokens, including stablecoins, fall short of the requirements for sound money and risk fragmenting the global financial system. The BIS urged policymakers to fast-track work on tokenised forms of central bank and commercial bank money as a safer alternative.
Comments
No comments yet
Comments
No comments yet โ be the first to weigh in ๐
No comments yet. Be the first!