Binance News via Odaily Planet Daily: Financial Stability Board (FSB) Chair Andrew Bailey said that the 2025 review covered 28 jurisdictions, but only 11 had completed their stablecoin regulatory frameworks. Cross-border oversight and crisis management remain underdeveloped, and some jurisdictions have yet to establish frameworks.
The FSB warned that a run on stablecoins could force the sale of reserve assets and trigger withdrawals of bank deposits, potentially sending shockwaves through traditional financial markets. Stablecoins with multiple issuers add another layer of complexity: redemption demand could concentrate on a single issuer while reserves are spread across different jurisdictions. The FSB also finalized practices for the responsible use of AI in the financial sector, while noting that AI-powered, sophisticated cyberattacks could undermine the resilience of critical financial institutions and market infrastructure.
With the frameworks and crisis plans still incomplete, which cross-border issue do you think should be addressed first: redemption rules or clarity on reserve custody?
#稳定币 #Regulation
The FSB warned that a run on stablecoins could force the sale of reserve assets and trigger withdrawals of bank deposits, potentially sending shockwaves through traditional financial markets. Stablecoins with multiple issuers add another layer of complexity: redemption demand could concentrate on a single issuer while reserves are spread across different jurisdictions. The FSB also finalized practices for the responsible use of AI in the financial sector, while noting that AI-powered, sophisticated cyberattacks could undermine the resilience of critical financial institutions and market infrastructure.
With the frameworks and crisis plans still incomplete, which cross-border issue do you think should be addressed first: redemption rules or clarity on reserve custody?
#稳定币 #Regulation