Exclusive | Global financial system must rewrite its rules for the tokenised future, says BIS adviser

Exclusive | Global financial system must rewrite its rules for the tokenised future, says BIS adviser

The worldwide financial system needs to rewrite its rules for a future of tokens, as the rise of stablecoins poses new challenges to the global infrastructure for instant payment, clearing and settlement, according to the gatekeeper of the world’s central banks. Stablecoins, which are digital tokens backed by fiat currencies or other reserve assets, could…

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