Treat systemically important stablecoins as FMIs, say CPMI and IOSCO
The Bank for International Settlements' tower building in Basel (Credit: Taljat David on Shutterstock)
Systemically important stablecoins must observe “all relevant principles” of a universal set of rules that apply to financial market infrastructures, according to a joint report from two global standard-setters, as international regulators respond to the ongoing instability in the crypto market.
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