Today, the Financial Stability Institute, part of the Bank for International Settlements (BIS), published a review of stablecoin regulations across several jurisdictions. At a high level, many national regulations address the same general topics but differ significantly in detail, creating scope for regulatory arbitrage.
“A consistent regulatory framework, as well as its global implementation, is essential to address stablecoins’ risks, prevent regulatory arbitrage and ensure a level playing field in the digital asset ecosystem,” the study concludes.
The paper explores how different jurisdictions compare across several topics. These include:
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