Building a national stablecoin strategy

From omfif.org

Countries worldwide have an opportunity to strengthen their positions as financial centres by establishing themselves as hubs for stablecoin transactions. Two complementary strategies would bring substantial economic benefits: enabling domestic financial institutions (regulated banks and non-banks) to receive and convert foreign stablecoins; and promoting global acceptance of locally issued stablecoins. These forward-looking policies would generate significant fee and foreign exchange revenue for financial institutions, ensure proper regulatory oversight of digital currency flows, create diversified demand for ... (full story)