Central Banking

CPMI and Iosco say systemic stablecoins must meet FMI principles

Bank for International Settlements, Basel
Bank for International Settlements, Basel
Photo: BIS

Systemically important stablecoins should meet the same principles as other major providers of financial market infrastructure, a new report concludes.

Stablecoins’ “transfer function” is comparable to other types of FMI, say the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions. Major stablecoins should therefore be expected to comply with the Principles for financial market infrastructures, the bodies say in the document.

The PFMIs

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: