Friday, 24 March, 2023

Regulations for stablecoins should be the same as for fiat currency

<p>Global regulators said major stablecoins must adhere to the same security standards as conventional means of payment, increasing regulations over the shattered cryptocurrency industry. This is so &nbsp;In order to minimize the volatility that renders bitcoin and other digital tokens unsuitable for the majority of transactions. Stablecoins are cryptocurrencies that are meant to have a stable value compared to conventional currencies, or to a commodity.</p>