This article compares anti-money laundering and financial crime risk and regulation in traditional financial systems and emerging stablecoin ecosystems, examining the trade-offs policymakers face when designing financial crime frameworks for digital money.
22 MAY 2026This article explores the regulatory capital requirements that apply to the issuers of two types of money: bank deposits and stablecoins. Where relevant it also considers issuers of e-money. Stablecoins are an increasingly popular form of digital money. They are bearer instruments that run on blockchains. As explained in the second half of the article, they are quite different to existing forms of money.
28 JUL 2025