“The US Treasury Department and Congress It is preparing regulations for issuers of stablecoins or crypto coins that may be regulated in the same way that banks are regulated,” Morgan Stanley (MS) said in a recent research note.
President Joe Biden Just signed an executive order.About the future of digital assets Focusing on Central Bank Digital Currency (CBDC) Review
US administration Accepting competition from overseas CBDCs in China and the Eurozone and saw that it was necessary to take action as urgently as possible “To make the US dollar It remains a popular and prominent payment mechanism,” wrote Morgan Stanley analyst Sheena Shah.
Morgan Stanley said there remains regulatory uncertainty over whether stablecoins are securities, derivatives, or commodities. Noting that these coins are not currently widely used for business and consumer transactions.
If the US government Serious about launching a retail CBDC? It could also change the business model of banks and payment companies and potentially lower fees.
refer : LINK
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