Bitcoin
Bitcoin (BTC)
$67,100.00 -4.4733
Bitcoin price
Ethereum
Ethereum (ETH)
$3,220.65 -8.23608
Ethereum price
BNB
BNB (BNB)
$597.93 -1.30837
BNB price
Solana
Solana (SOL)
$150.57 -12.87097
Solana price
XRP
XRP (XRP)
$0.5432190 -10.81516
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000245 -11.27265
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000058 -20.66603
Pepe price
Bonk
Bonk (BONK)
$0.0000171 -21.22826
Bonk price
Bitcoin
Bitcoin (BTC)
$67,100.00 -4.4733
Bitcoin price
Ethereum
Ethereum (ETH)
$3,220.65 -8.23608
Ethereum price
BNB
BNB (BNB)
$597.93 -1.30837
BNB price
Solana
Solana (SOL)
$150.57 -12.87097
Solana price
XRP
XRP (XRP)
$0.5432190 -10.81516
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000245 -11.27265
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000058 -20.66603
Pepe price
Bonk
Bonk (BONK)
$0.0000171 -21.22826
Bonk price
Bitcoin
Bitcoin (BTC)
$67,100.00 -4.4733
Bitcoin price
Ethereum
Ethereum (ETH)
$3,220.65 -8.23608
Ethereum price
BNB
BNB (BNB)
$597.93 -1.30837
BNB price
Solana
Solana (SOL)
$150.57 -12.87097
Solana price
XRP
XRP (XRP)
$0.5432190 -10.81516
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000245 -11.27265
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000058 -20.66603
Pepe price
Bonk
Bonk (BONK)
$0.0000171 -21.22826
Bonk price
Bitcoin
Bitcoin (BTC)
$67,100.00 -4.4733
Bitcoin price
Ethereum
Ethereum (ETH)
$3,220.65 -8.23608
Ethereum price
BNB
BNB (BNB)
$597.93 -1.30837
BNB price
Solana
Solana (SOL)
$150.57 -12.87097
Solana price
XRP
XRP (XRP)
$0.5432190 -10.81516
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000245 -11.27265
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000058 -20.66603
Pepe price
Bonk
Bonk (BONK)
$0.0000171 -21.22826
Bonk price

BIS issues recommendations for global stablecoin regulation

bis-recommendations-stablecoin-regulation
Edited by
News
BIS issues recommendations for global stablecoin regulation

The Bank for International Settlements has issued a set of recommendations aimed at regulating global stablecoins.

The Bank for International Settlements (BIS) noted that the widespread adoption and reach of global stablecoins (GSCs) could pose risks to domestic and international financial stability.

The BIS emphasizes robust regulation and supervision of GSC arrangements to mitigate risks. The recommendations encourage global jurisdictions to prepare for overseeing GSCs, focusing on cross-border cooperation and information sharing.

The bank also advocates for risk management frameworks that address operational resilience, cyber security, anti-money laundering measures, and compliance with relevant laws and regulations.

Additionally, BIS stresses the importance of data storage, access to data, redemption rights, and prudential requirements in managing GSC risks. While acknowledging the potential of stablecoins to enhance financial service efficiency, BIS warns of the financial stability risks they may introduce.

Follow Us on Google News