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Other local banks have also started taking similar measures

At the moment, almost all central banks in the world are studying the possibility of launching these assets

Officials pointed out the close association of this type of asset with the decentralized finance sector

According to the fund, this step will not allow countries to gain advantages related to digital assets

Jerome Powell believes that the Central Bank should play an important role in regulating such assets

The initiative aims to reduce the demand for the US dollar among the country’s citizens

The project was developed by the largest Swiss financial holding company UBS

The platform’s users will be able to trade assets and exchange them for cash

The Russian fintech company B-crypto is responsible for the technical support of the process

Virtual asset service providers will come under the regulator’s supervision on September 1

José Manuel Campa said that stablecoins could “become even more relevant” if they were compliant

According to Gabriel Makhlouf, cryptocurrencies need to be regulated in the same way as traditional finance