Policy Event Β· High impact

BIS Annual Economic Report Warns Stablecoins Fall Short Of Core Money Attributes

The BIS Annual Economic Report said stablecoins still fall short on singleness, elasticity, interoperability and integrity, making them closer to investment fund shares than robust payment money. The central-bank body’s assessment supports tighter reserve, redemption and supervisory expectations for stablecoin issuers.

High impact🌐 GlobalStablecoinRegulationUSDTUSDCBIS

APAC FINSTAB analysis

Although this is outside core APAC, it is relevant because global market-structure, enforcement, and stablecoin precedents often shape licensing expectations for APAC exchanges, issuers, custodians, and DeFi teams. Protocols/assets in scope: USDT, USDC. Named institutions or platforms: BIS. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

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Related policy events

Bank Of Russia Approves BTC ETH And USDT For Exchange Trading

The Bank of Russia added Bitcoin, Ether and Tether to the list of digital assets eligible for public trading on licensed exchanges, with limits applying to retail investors. The decision gives Russia's exchange framework a narrow approved-asset perimeter while preserving investor-protection constraints.

High impactπŸ‡·πŸ‡Ί RussiaRegulationExchangeStablecoinBTCETHUSDT