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BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries

J_News by J_News
October 30, 2021
in Crypto, Top News
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BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries
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The report’s authors question whether stablecoins could “offer lasting competitive advantages over rapidly developing, evolving digital payment services,” including digital ID, e-money and mobile banking. They add that stablecoins could generate new risks related to such issues as governance, efficiency in payment processes, consumer protection and data privacy.



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