Regulation· ★★★· neutral·

Saudi central bank chief asks IMF to analyze stablecoin risk transmission

  • —Al-Sayari said wider stablecoin use can create new channels for transmitting and amplifying financial vulnerabilities
  • —He proposed feeding the IMF analysis into economic surveillance, support program design and policy capacity building
  • —BIS research puts about 98% of stablecoin value in dollar-denominated tokens
  • —The statement did not set out Saudi issuance rules or restrictions
Why it matters: A major central bank is pushing the IMF to formalize stablecoin risk analysis for emerging markets, which could speed up global rulemaking.
Source: TokenPost
More on this
Regulation · Oct 6
Saudi central bank steps up talks with foreign regulators on stablecoin risks
 Regulation · Oct 7
Irish central bank chief: fund tokenization needs tokenized money and risk controls
 Regulation · Sep 22
Saudi Central Bank Exits China-Backed mBridge Digital Currency Project