Stablecoins should be tightly regulated – HSBC exec
John O’Neill says lender’s views on the assets are aligned with those of central banks
HSBC’s group head of digital assets and currencies has said stablecoin issuers should be tightly regulated and that the firm’s views on this are in line with those of central banks.
John O’Neill tells Central Banking that the lender welcomes crypto asset regulations in the US, EU and Hong Kong. On stablecoins, he says HSBC is “very aligned” with the central banks and regulators it speaks to.
Issuing money that will be used by market participants and the general public is a significant
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