INSUBCONTINENT EXCLUSIVE:
The worldwide financial system needs to rewrite its rules for a future of tokens, as the rise of stablecoins poses new challenges to the
global infrastructure for instant payment, clearing and settlement, according to the gatekeeper of the world’s central banks.
Stablecoins,
which are digital tokens backed by fiat currencies or other reserve assets, could make anti-money-laundering (AML) work and banks’ task of
knowing their customers more difficult because of their cross-border, pseudonymous...
