The report recommends urgent actions in several domains:
– Legislation – to address prudential risks, Stablecoins ought to be under appropriate federal supervision and oversight
– User protection and run risk
– Payment systems risk
– Systemic risk and interconnectivity issues
The report highlights in particular the “Illicit Finance Risk”: fraud risk, AML/CFT, tax (IRS) risk
The report can be found here: https://home.treasury.gov/system/files/136/StableCoinReport_Nov1_508.pdf
Leave A Comment
You must be logged in to post a comment.