European Central Bank Executive Committee Cole: Stabilizing coins must meet the highest regulatory requirements

According to Kim 10, European Central Bank Executive Committee Cole said today that the global stable currency for retail can make remittances faster and cheaper, and support financial inclusion. But he also said that stable currencies pose risks associated with public policy priorities and must meet the highest regulatory requirements. He also stated that the Stabilization Coin Initiative should have a good legal basis in all relevant jurisdictions to explain risks to holders. The Stabilization Coin Initiative must ensure broad market integrity and confidence, regardless of market conditions. Cole believes that stable currency developers need to communicate further with the public and the authorities. He also said that the working group is preparing to advance its work in cooperation with G7 finance ministers, standards development bodies and the G20 Group.