{"id":50762,"date":"2021-10-06T13:43:27","date_gmt":"2021-10-06T10:43:27","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50762"},"modified":"2025-09-02T20:05:15","modified_gmt":"2025-09-02T17:05:15","slug":"bis-issues-recommendations-on-regulating-stablecoins","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bis-issues-recommendations-on-regulating-stablecoins\/","title":{"rendered":"BIS issues recommendations on regulating stablecoins"},"content":{"rendered":"<p>The Bank for International Settlements (BIS) published a report with guidance on aligning stablecoin mechanisms with international standards for payment, clearing and settlement systems.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Committee on Payments and Market Infrastructures and <a href=\"https:\/\/twitter.com\/IOSCOPress?ref_src=twsrc%5Etfw\">@IOSCOPress<\/a> report proposes guidance on how certain aspects of the PFMI could be observed by <a href=\"https:\/\/twitter.com\/hashtag\/stablecoin?src=hash&#038;ref_src=twsrc%5Etfw\">#stablecoin<\/a> arrangements in light of their novel features <a href=\"https:\/\/twitter.com\/hashtag\/BigTech?src=hash&#038;ref_src=twsrc%5Etfw\">#BigTech<\/a> <a href=\"https:\/\/twitter.com\/IOSCOPress?ref_src=twsrc%5Etfw\">@IOSCOPress<\/a> <a href=\"https:\/\/t.co\/39WBf38mUM\">https:\/\/t.co\/39WBf38mUM<\/a> <a href=\"https:\/\/t.co\/wwi7cmYtMD\">pic.twitter.com\/wwi7cmYtMD<\/a><\/p>\n<p>\u2014 Bank for International Settlements (@BIS_org) <a href=\"https:\/\/twitter.com\/BIS_org\/status\/1445652569573892102?ref_src=twsrc%5Etfw\">October 6, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>The public consultation document was presented by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO).<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abThis report marks significant progress in understanding the implications of using stablecoins for the financial system and provides clear and practical recommendations on the standards they should meet to maintain its integrity\u00bb, \u2014 said Ashley Alder, chair of the IOSCO Board and CEO of the Hong Kong Securities and Futures Commission.<\/p>\n<\/blockquote>\n<p>In 2019, the Financial Stability Board (FSB) of the G20 conducted work to study the global impact of stablecoin mechanisms and issued recommendations on their regulation.<\/p>\n<p>A preliminary analysis by the CPMI and IOSCO as part of the FSB\u2019s October 2020 report showed that stablecoin arrangements fall under the Principles for Financial Market Infrastructure.<\/p>\n<p>In the BIS document, the framework reaffirmed this definition. The report offers clarifications and interpretations of applying existing standards to stablecoins.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abThis consultative document is part of the international regulatory community&#8217;s ongoing commitment to the principle \u201csame risk, same regulation,\u201d to identifying potential risks and helping develop appropriate norms to safeguard financial stability\u00bb, \u2014 emphasised the Chair of the CPMI and Deputy Governor of the Bank of England, John Cunliffe.<\/p>\n<\/blockquote>\n<p>As noted earlier by BIS, many central banks are studying digital assets from a regulatory perspective, but their greatest interest lies in <a href=\"https:\/\/forklog.com\/en\/news\/bis-two-thirds-of-surveyed-central-banks-study-stablecoins\">stablecoins<\/a>.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank for International Settlements (BIS) published a report with guidance on aligning stablecoin mechanisms with international standards for payment, clearing and settlement systems.<\/p>\n","protected":false},"author":1,"featured_media":50763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1430,36,807],"class_list":["post-50762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bis","tag-regulation","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=50762"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50762\/revisions"}],"predecessor-version":[{"id":50764,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/50762\/revisions\/50764"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/50763"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=50762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=50762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=50762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}