ECB board member: global stability currency has policy risks in several areas

Cointelegraph: European central bank board member Benoit Coeure warned that the global stability currency remains untested and has potential policy risks in a number of areas. Coeure held on November 26, the European central bank (ECB) addressed a joint meeting with the Belgian national bank, he said: "the global stable currency project has potential risks in many policy areas, such as legal certainty, investor protection, financial stability, and comply with the anti-money laundering requirements. The administration has made it clear that let the stable currency plan implemented, will set a high threshold." Coeure added: "attention must be paid to the broad impact of digital money on financial intermediation."

Source:https://cointelegraph.com/news/ecb-board-member-global-stablecoins-pose-risks-to-a-fragmented-europe

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