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BIS flags stablecoin group activity risks, but OCC charters tell a broader story – Ledger Insights

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The Bank for International Settlements’ Financial Stability Institute (FSI) published a brief this week comparing stablecoin issuance rules across the European Union, Hong Kong, Singapore, the UK and the United States. Its headline concern is that activity restrictions apply to the issuing entity rather than the wider corporate group. Hence a nonbank issuer’s affiliates can…