Techub News: The International Monetary Fund (IMF) has issued a statement noting that stablecoins can expand financial service coverage and drive innovation, but may also trigger currency substitution effects and market volatility risks. Therefore, regulatory cooperation on a global scale is critical. Currently, the IMF is collaborating with the Financial Stability Board (FSB), the Bank for International Settlements (BIS), and other institutions to close regulatory gaps and strengthen industry oversight.
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Techub News: The International Monetary Fund (IMF) has issued a statement noting that stablecoins can expand financial service coverage and drive innovation, but may also trigger currency substitution effects and market volatility risks. Therefore, regulatory cooperation on a global scale is critical. Currently, the IMF is collaborating with the Financial Stability Board (FSB), the Bank for International Settlements (BIS), and other institutions to close regulatory gaps and strengthen industry oversight.