LONDON : A global central bank test lab run out of London is designing a 'stablecoin' monitoring system aimed at giving authorities a clearer picture on how they work and how to regulate them in future.Stablecoins are a type of cryptocurrency which aim to maintain a 1:1 peg with a fiat currency such as th
LONDON : A global central bank test lab run out of London is designing a 'stablecoin' monitoring system aimed at giving authorities a clearer picture on how they work and how to regulate them in future.
In a bid to ensure there is more oversight going forward, the Bank for International Settlements , often dubbed the central bank for the world's central banks, is to begin work in its London 'innovation hub' on a tool to keep tabs on them. "Most central banks lack tools to systemically monitor stablecoins and avoid asset-liability mismatches," the BIS said.
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