Martin Gruenberg, Deputy Chairman of the Federal Deposit Insurance Corporation (FDIC), the US bank regulator, has called for restrictions on stablecoins, which he thinks can be a double-edged sword.
Gruenberg, Deputy Chairman of the FDIC, 20 October In his speech at the Washington-based think tank Brookings Institution on durable a governance and compatibility have mechanisms authorized in systems Stating that it will be safer for them to be traded, stablecoins are already risk constitute that you did He claimed.
Deputy Chairman, on the issue of stablecoins, particularly black money and terrorist financing. abuse participating in the payment activities of stablecoins by stating that all parties underlined the need for certain requirements. Proxy, nodes and validators procedures for recognizing transactions and dealing with anti-money and terrorist financing by all parties, including compatibility should show He stated that he believed.
In the Grunberg statements, stablecoins the spread of fundamentals of banking can changemay affect credit expansions and shadow banking that he could lay the foundation.