CBDCs and stablecoins: EY advises banks to ‘prepare for what’s coming’
Cryptocurrency51 minutes ago (Jan 17, 2022 07:40AM ET)
Big Four accounting firm Ernst & Young has recommended that banks should change their regulatory perimeter to address the oncoming launches of state-backed central bank digital currencies (CBDC) and private stablecoins.
EY’s “2022 Global Regulatory Outlook” highlighted the need for a policy change that can help financial services firms overcome business uncertainties amid mainstreaming of digital assets and cryptocurrency. While acknowledging the uncertainty regarding the digital assets market, the report states:
CBDCs and stablecoins: EY advises banks to ‘prepare for what’s coming’
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