Central banks need modern supervision tools for the stablecoin era

From omfif.org

As tokenised finance accelerates globally, central banks face a critical blind spot. While considerable effort has been invested in crafting regulatory frameworks for virtual asset service providers, far less attention has been paid to the supervisory infrastructure needed to enforce these rules. This gap threatens to undermine even the most proportionate regulatory regimes and the threat is particularly acute in emerging markets where dollar-backed stablecoins are reshaping monetary dynamics at unprecedented speed. Analysis from the Cambridge Centre for Alternative Finance identifies this challenge as part of a ... (full story)