The government has issued an update on its policy regarding the regulation of fiat-backed stablecoins. This document aims to provide information on the government’s stance and approach towards these types of digital currencies. Stablecoins, which are cryptocurrencies pegged to the value of a traditional currency like the US dollar, have gained popularity in recent years. However, concerns have been raised regarding their potential impact on financial stability and consumer protection. The government’s policy seeks to address these concerns and establish a regulatory framework that ensures the proper functioning and oversight of fiat-backed stablecoins.
HomeDIGITAL ASSETS REGULATORYStable Coin UpdatesRegulatory Roadmap: Latest Developments in the Regulation of Fiat-Backed Stablecoins