Cryptoassets and stablecoins require new regulatory approaches
Wednesday 16 February 2022 – Vol.13 Ed.7.3
Commentary: Stablecoin issuers need different regulations to banks
By Philip Middleton in London
The decision by Meta to abandon its proposed stablecoin, Diem, in the face of widespread opposition from central banks, regulators and some governments has been met by sighs of relief. Yet it is certain that several Diem-style business models will soon be offered to regulators worldwide. New and...