Quotes from the news wire:
A global stablecoin for retail purposes could provide for faster and cheaper remittances, spur competition for payments and thus lower costs, and support greater financial inclusion, however...they give rise to a number of risks related to public policy priorities including anti-money laundering and countering the financing of terrorism, consumer and data protection, cyber resilience, fair competition and tax compliance.
Down the road we might find that there are gaps or inconsistencies that would require a prolonged discussion by regulators on how to do it differently, authorities are not going to let any such projects happen before we have answers to our questions and before we have the right regulatory framework.
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