US regulators believe that stablecoins bypass regulatory loopholes and are studying how to regulate stablecoins
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On September 20, it was reported that U.S. regulators believe that stablecoins bypass regulatory loopholes and may regulate stablecoins from the following aspects: designating stablecoins as systemic risks; calling stablecoins securities; viewing stablecoins as money market mutual funds; regulating stablecoins like banks; and the Federal Reserve is studying central bank digital currencies (CBDCs) that compete with stablecoins. In addition, the Financial Stability Board, a global regulator, is studying the establishment of standards and plans related to stablecoins, and may introduce relevant regulations in 2023. |
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