BIS: Stablecoins Do Not Fulfill the Role of Money

The Bank for International Settlements (BIS) stated that stablecoins do not meet key monetary principles. The organization highlights the risks of financial crimes and threats to monetary sovereignty due to the use of stablecoins. BIS calls for strict restrictions on their role in the financial system.

Comment:

The BIS statement emphasizes the importance of regulating stablecoins to minimize potential risks to global financial stability. Implementing strict restrictions may help control their use and prevent potential threats. However, it is important to consider that stablecoins may also offer innovative solutions for integration into the traditional financial system.