Global stablecoins may face a regulatory storm, and the International Organization of Securities Commissions (IOSCO) has stepped in

巴比特

特邀专栏作者

2020-03-26 17:14 (UTC+8)

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Is it a good thing that stablecoins are going to be regulated?

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Is it a good thing that stablecoins are going to be regulated?

Editor's Note: This article comes fromBabbitt Information (ID: bitcoin8btc), Author: Overnight Porridge, published with authorization.

Editor's Note: This article comes from

Babbitt Information (ID: bitcoin8btc)

Babbitt Information (ID: bitcoin8btc)

According to news on March 26, the global securities regulator "International Organization of Securities Commissions" (IOSCO) stated in its latest report that the global stablecoin program may, depending on its structure, present securities or other regulated financial instruments or services. typical features.

Meanwhile, the International Organization of Securities Commissions (IOSCO), together with the Committee on Payments and Market Infrastructures (CPMI), conducted a separate preliminary analysis of the application of the CPMI-IOSCO Principles for Financial Market Infrastructures (PFMI), which concluded that:

"Principles for Financial Market Infrastructures (PFMI) apply to stablecoins globally."

Additionally, the International Organization of Securities Commissions (IOSCO) has established a Stablecoin Working Group within its Fintech Network to consider and evaluate global stablecoin proposals from the perspective of securities market regulators.
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Four Types of Stablecoins
It is reported that the types of stablecoins mentioned in the report are:

Stablecoins anchored to other real-world assets: Cryptoassets can also be linked to real-world assets, such as securities, commodities, real estate, financial instruments, or other assets;

Other encrypted asset stablecoins: encrypted assets can also be related to one or more encrypted assets;

Algorithmic Control of Stablecoins: Cryptoassets can use algorithms that mimic monetary policy, for example, stablecoins can employ an algorithm to achieve specific cryptoasset monetary goals by adjusting token supply to meet demand;

Although the report does not mention any specific stablecoin project names, these types have included all stablecoins on the market, including Libra, USDT, WBTC, etc.
secondary title
Pros and Cons of Stablecoins and Regulation
And in the report’s concluding section, the International Organization of Securities Commissions (IOSCO) stated:

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