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 split inside the ECB — Beau backing Qivalis and a public-private euro stablecoin push, Lagarde holding the line on a 2029 CBDC — exposes how fast dollar-pegged stablecoins are reshaping Europe's…