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New York’s Crypto Watchdog Teams With EU to Police Stablecoins

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Decrypt Editorial
(07:04 PM UTC)
1 min read
MR
Approved byMichael Roberts
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In brief

  • The NYDFS and EBA said they are committed to sharing information that could help police stablecoins under memorandum of understanding.
  • While that includes promptly flagging market meltdowns, the regulators also plan to share insights on criminal and civil investigations.
  • The coordination comes as officials from Europe’s central bank flag the “risk of runs” as a weakness that stablecoins…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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