Inconsistency in regulations are killing stablecoins, says BIS

Cryptopolitan

Inconsistency in regulations are killing stablecoins, says BIS

The Bank for International Settlements recently underscored the pressing need for streamlined stablecoin regulations across global jurisdictions. According to their extensive survey, which encompassed 11 different regions, the patchwork nature of current laws is a major roadblock for stablecoin integration into the international financial system. They’ve gone as far as to label the situation as “urgent,” pointing out that while stablecoins have …