Bitcoin laundering

The European Central Bank (ECB) has published a paper regarding the regulatory and financial stability perspective on Global Stablecoins (GSCs).

The ECB, before assessing pros and cons thereof, stressed that Stablecoins aim at reducing crypto-assets’ price volatility and stablecoin arrangement features three key functions:

– payments (transfer functionality);

– asset management (investing the proceeds from the issuance of stablecoins in safe low-volatility assets);

– user interface.

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