BIS Emphasizes Global Cooperation on Stablecoins to Prevent Market Fragmentation
The Bank for International Settlements (BIS) has stressed the importance of global cooperation on stablecoins to prevent market fragmentation and regulatory arbitrage. BIS General Manager Pablo Hernandez de Cos highlighted risks such as undermining monetary policy and enabling illicit financing, urging coordinated regulatory frameworks. The call comes as major economies race to establish stablecoin regulations.
Topics: BIS financial regulation international cooperation monetary policy stablecoins