CBDCs and stablecoins: EY advises banks to ‘prepare for what's coming’

CBDCs and stablecoins: EY advises banks to ‘prepare for what's coming’

A new report from EY highlights the need for a policy change for banks to overcome business uncertainties regarding digital assets. Big Four accounting firm EY has recommended that banks should change their regulatory perimeter to address the oncoming launches of state-backed central bank digital currencies (CBDC) and private stablecoins. EY’s 2022 Global regulatory outlook highlighted the need for a policy change that can help financial services firms overcome business uncertainties amid mainstreaming of digital assets and cryptocurrency. While acknowledging the uncertainty regarding the....


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