A regulatory and financial stability perspective on global stablecoins
Christoph Kaufmann and
Anton van der Kraaij
Macroprudential Bulletin, 2020, vol. 10
Stablecoins provide an alternative to volatile crypto-assets. Depending on their asset management function, they may fall under different regulatory regimes or – with certain design features – under none at all. Given their potential size, global stablecoins could pose risks to financial stability. Such arrangements need a robust regulatory framework. JEL Classification: E42, G15, G28
Keywords: financial regulation; stablecoins; systemic risk (search for similar items in EconPapers)
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