BIS committee and IOSCO issue guidance for regulation of stablecoin arrangements
2022.07.14 12:08
BIS committee and IOSCO issue guidance for regulation of stablecoin arrangements
The principle of “same risk, same regulation” for crypto received further confirmation with the release Wednesday of new guidance on stablecoin arrangements (SAs). The guidance, issued by the Bank for International Settlements (BIS) Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (IOSCO), applies the Principles for Financial Market Infrastructures (PFMI) for payment, clearing and settlement systems to systemically important SAs that transfer stablecoins.
The document is intended for use by SA designers and operators and extends the PFMI standards to SAs without establishing new standards. It notes:
