Regulators Sound the Alarm on Stablecoins
Summary
“A run occurring under strained market conditions may have the potential to amplify a shock to the economy and the financial system,” the report warned. and other agencies have the power to police certain stablecoin issuers, but the report identified regulatory gaps that only legislators could address. • None Singapore wants to become a global crypto hub: “We think the best approach is not to clamp down or ban these things,” its top banking regulator said. Details of the highly anticipated requirements have been sent to the Federal Register and will be published “in coming days,” with a flurry of corporate vaccine mandates expected to follow. Meanwhile, Amazon will let fully vaccinated U.S. warehouse workers skip face masks starting today, subject to federal, state or local law.
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