https://www.scmp.com/rss/510934/feed Jon Cunliffe is deputy governor for financial stability at the Bank of England. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Ashley Alder,Jon Cunliffe Ashley Alder,Jon Cunliffe Rapid technological change is increasingly spurring private – and often Big Tech-promoted – initiatives throughout the world of finance, particularly in the payments domain. As a result, the global financial system has arrived at a potentially game-changing moment. Recent developments include so-called stablecoins, which avoid the volatility of their higher-profile crypto cousins, like bitcoin, because their value is supported by a pool of assets. Stablecoins have the potential to support... https://www.scmp.com/comment/opinion/article/3151447/stablecoins-must-be-subject-same-business-same-risk-same-rules?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3151447/stablecoins-must-be-subject-same-business-same-risk-same-rules?utm_source=rss_feed Thu, 07 Oct 2021 06:30:18 +0000