BIS and BoE plan to regulate stablecoin balance sheets

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Odaily2024/07/31 18:04

By:Odaily

Odaily News The Bank for International Settlements (BIS) and the Bank of England (BoE) said they have been able to prove that the balance sheets of asset-referenced stablecoins are regulated. It is reported that the Pyxtrial project has developed a prototype data analysis pipeline that can provide regulators with near real-time data on stablecoin liabilities and their supporting assets. The Bank for International Settlements said that the Pyxtrial project also has the potential to monitor tokenized products backed by real-world assets. (Coindesk)

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