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ARTICLE · 09 DECEMBER 2020

The Bank For International Settlements Releases Report On Stablecoins

McCarthy Tétrault
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On November 24, 2020, the Bank for International Settlements ("BIS") released its report on the risks, potential and regulation of stablecoins (the "Report"), discussing the benefits, risks and regulatory considerations in respect of privately issued stablecoins.

CanadaTechnology
TechLex Blog
TechLex Blog
Ana Badour
Ana Badour
Vivian Sy
Vivian Sy
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On November 24, 2020, the Bank for International Settlements ("BIS") released its report on the risks, potential and regulation of stablecoins (the "Report"), discussing the benefits, risks and regulatory considerations in respect of privately issued stablecoins. 

This Report follows an earlier report of the G7 on the same topic. In fact, as noted in the Report, discussions with respect to the regulation of stablecoins and digital assets are currently taking place through each of the G20, G7, the Financial Stability Board (FSB), the International Organization of Securities Commissions (IOSCO), the Basel Committee on Banking Supervision (BCBS), the Financial Action Task Force (FATF) and others.  

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