How Proposed Stablecoin Regulations Could Play In Favor Of Bitcoin and XRP

[emjay825]

This week, Central banks got recommendations to heavily regulate, if not ban, stablecoins. The recommendations were outlined by the Financial Stability Board (FSB). This organization makes recommendations about financial systems to central banks and finance ministers of G20 member countries. Read more here...

[Fenix]

I think that various measures to tighten the regulation of stable coins will mainly concern private stable coins and stable coins of various other business structures. These stable coins do carry a certain risk. At the same time, various stable coins of states that will no longer have such risks will soon appear in large numbers. It seems to me that these measures will be taken smoothly and therefore there will be no major shocks on the cryptocurrency market. Therefore, it is unlikely that measures to tighten the circulation of stable coins will somehow significantly affect the price of bitcoin and other cryptocurrencies.