Yashudk
@yashudk
The Bank for International Settlements (BIS), in collaboration with the Bank of England (BoE), has tested a system for monitoring stablecoin reserves. The system, called Pyxtrial, is not yet fully ready for launch. However, the world is also not ready for its implementation, as many jurisdictions have not yet finalized regulations regarding stablecoins, which this system is designed to enforce compliance with.
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