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BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries

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The report’s authors query whether or not stablecoins may “offer lasting competitive advantages over rapidly developing, evolving digital payment services,” together with digital ID, e-money and cell banking. They add that stablecoins may generate new dangers associated to such points as governance, effectivity in fee processes, shopper safety and information privateness.

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