Stablecoins could allow for ‘embedded supervision’ – BIS paper

Facebook libra

One potential upside of allowing a global stablecoin such as libra to operate is that supervision could be “embedded” within the system, according to a working paper from the Bank for International Settlements.

Douglas Arner, Raphael Auer and Jon Frost explore the “risks, potential and regulation” of different stablecoins. They suggest authorities could demand “direct, automated provision of data” as a licensing condition for new stablecoin systems.

To some extent this is already happening

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:

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: