Highlights:
Back in February, the Berkeley Business Law Journal featured a paper about stablecoins. “How to Build a Stablecoin: Certainty, Finality, and Stability Through Commercial Law Principles” is written by Jess Cheng, in her personal rather than work capacity. Cheng is currently Senior Counsel at the Federal Reserve Board in Washington DC. She was previously with the IMF and Ripple.
The issue of legal certainty was highlighted in the Financial Stability Board’s recent stablecoin report for the G20. One of its ten recommendations was to provide legal clarity on redemption rights.
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