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Global watchdog urges cross-border information sharing for stablecoin crises

Reported · Written up by our desk · Regulation

CoinDesk reports that a global financial watchdog is calling for tighter cross border information sharing to improve how regulators respond during stablecoin crises.

The concern is that multi company stablecoins can leave reserves trapped across different jurisdictions, while redemption demands can arise elsewhere, complicating coordination and crisis management.

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Sources

CoinDeskGlobal financial watchdog calls for cross-border information sharing, planning for stablecoin crisis

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