#financial stability

Highlights: Zhou warned that stablecoins pose risks as China considers launching a yuan-backed token. He stressed that stablecoins bring limited efficiency gains compared to risks for payment systems. Reports suggest China may permit yuan-backed stablecoins, contrasting with its strict anti-crypto […]

Highlights: ESMA warns that future sharp declines in crypto prices could impact financial stability. Over 95% of EU banks don’t engage with crypto, but retail participation is growing. Cazenave calls for closer monitoring of crypto’s growing connections with traditional markets. […]