BIS Regulatory Guidance Threatens USDT and USDC, Favors Permissioned Stablecoins Like JPMCoin

The recently announced guidance from the Bank of International Settlements (BIS) has stirred discussions within the cryptocurrency community. This new guidance sets stringent criteria for stablecoins, particularly affecting those issued on permissionless blockchains like Tether’s USDT and Circle’s USDC. The Basel Committee on Banking Supervision’s report highlights a major regulatory shift that could reshape the

Source: CoinOtag