On Thursday, a senior Bank of Italy official urged uniform standards to protect users as stablecoins position to go mainstream toward global traditional finance markets. Australia has also granted regulatory relief to stablecoin intermediaries, exempting them from holding separate financial services licenses when distributing these assets.

Uniform Standards In Stablecoin Regulation

During a speech at an international central bank conference on payments, Deputy Governor Chiara Scotti highlighted the importance of clarity in regulations, particularly concerning stablecoins issued by entities in different jurisdictions.

She urged the European Commission to provide guidance on whether stablecoins issued by licensed European Union (Eu) firms could be considered interchangeable with tho

See Full Page