Markets

US regulators ask for stablecoins to be regulated like banks

By Justin Pugsley
BRR fallback image

Stablecoins should be regulated like banks, said US regulators urging Congress to pass laws to make this happen. 

On November 1, the US Treasury released the President’s Working Group on Financial Markets (PWG) report, supported by the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency. 

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