Stablecoin rules should extend beyond issuers – FSI report
Some platforms offer yield-bearing products based on digital assets, latest brief points out
The stablecoin regulatory framework should encompass service providers that offer yield-bearing products related to the digital assets, the Bank for International Settlements’ Financial Stability Institute has said.
In its latest brief on October 23, the FSI reviews different regulatory approaches to whether stablecoins and their related products should be allowed to pay interest to customers.
It states that for jurisdictions with a regulatory framework in place for stablecoins, most do not allow
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