Federal Reserve Chairman Powell: Supports the establishment of a regulatory framework around stablecoins

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PANews reported on February 12 that according to Jinshi, Federal Reserve Chairman Powell expressed support for establishing a regulatory framework around stablecoins.

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New Zealand regulators have ruled that the stablecoin NZDD is not a financial product.
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The Bank of England has hinted at a possible easing of restrictions on stablecoin holdings.
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A European Central Bank report warns that stablecoins may pose a significant risk to monetary policy.
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The Financial Action Task Force (FATF) has warned that stablecoins are becoming a primary tool for illicit transactions and called for stronger regulation of their issuers.

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