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The BIS and the Bank of England plan to regulate stablecoin balance sheets

A new project report published on Wednesday claims that the Bank for International Settlements (BIS) and the Bank of England (BoE) have been able to demonstrate that the balance sheets of asset-reference stablecoins can be regulated. The organizations said on Wednesday that the Pyxtrial project has developed a prototype data analytics pipeline that can provide regulators with information on stablecoin liabilities and their payments.

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2024-07-31 15:34:01
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