Consultation response
Digital assets & DLT
ECSDA responded to the CPMI-IOSCO Consultative report on the Application of the PFMIs to Stablecoin Arrangements
On 1 December, ECSDA has responded to the CPMI-IOSCO Consultative report on the Application of the PFMIs to Stablecoin Arrangements
ECSDA’s response conveys these key messages to stakeholders:
- Clarifying the liability regime and the rights associated with settlement assets is crucial
- Risks posed by ‘probabilistic finality’ must be removed – ensuring financial stability
- Enhancing money settlements
Tags
- DLT
- settlement
- Stablecoins