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2022 Events Cast 'Serious Doubts' on Stablecoins as Money: BIS Chief

Agustin Carstens, who has previously criticized stablecoins, said they do not benefit from the regulatory requirements and protections that apply to bank deposits.

Agustin Carstens, general manager at the BIS. (Horacio Villalobos/Getty Images)
Agustin Carstens, general manager at the BIS. (Horacio Villalobos/Getty Images)