BIS Warns Dollar Stablecoins Bypass Capital Controls
The BIS argues dollar-pegged tokens are insulated from the capital flight rules that govern local-currency outflows, putting pressure on monetary sovereignty in vulnerable economies.
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The BIS argues dollar-pegged tokens are insulated from the capital flight rules that govern local-currency outflows, putting pressure on monetary sovereignty in vulnerable economies.
The local USDT-INR premium has more than doubled from its 3–4% norm in days, and the Enforcement Directorate's INR 250B money-transfer sweep just removed a popular remittance channel NRI users relied…