US investment bank, one of the largest banks in the world Morgan StanleyStablecoin issuers can also be regulated, just like banks, in a research note they recently published.
At the beginning of last March US President Joe Biden Noting that he signed the executive order focused on researching CBDCs, bank analysts pointed out that the US administration’s issue of China and other countries CBDCs a to be issued digital dollar He stated that he accepted the competition with
“We need the most urgent action and a US CBDC for the US dollar to remain the preferred and dominant payment mechanism.
If the US government is serious about issuing a US CBDC, it could potentially change the business models of banks and payments companies.”
Analysts led by Sheena Shah also noted in the research note that the US administration cryptocurrency markets He wrote that he saw regulation of regulation as a way to manage the influence of the US dollar on banking dominance.
Stating that there is still uncertainty about whether stablecoins are securities or commodities, Morgan Stanley stated that stablecoins are not currently widely used in commercial or consumer transactions.
Morgan Stanley is finally in the country before the US midterm elections in November. cryptocurrency He said he expects regulations to progress slowly.