Stablecoins Regulation
According to John O’Neill, HSBC's group head of digital assets and currencies, stablecoin issuers should be tightly regulated.
HSBC is "very aligned" with the central banks and regulators it speaks to.
O’Neill stated that the lender welcomes crypto asset regulations in the US, EU, and Hong Kong.
Author's summary: HSBC supports tight regulation of stablecoins.
- Regulation of stablecoin issuers is necessary.
- HSBC's views align with those of central banks.
- Crypto asset regulations are welcomed in the US, EU, and Hong Kong.