Bank Of Italy Seeks Rules For Multi-Issuance Stablecoins, Australia Offers Exemptions
PositiveCryptocurrency

The Bank of Italy is advocating for uniform standards in stablecoin regulation to ensure user protection as these digital assets gain traction in global finance. This move is significant as it aims to create a safer environment for users and promote stability in the market. Meanwhile, Australia is taking a progressive step by exempting stablecoin intermediaries from needing separate financial services licenses, which could encourage innovation and growth in the sector. Together, these developments highlight a growing recognition of the importance of stablecoins in the financial landscape.
— Curated by the World Pulse Now AI Editorial System