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Swift Asia-Pacific President: Maintains Neutral Stance on Stablecoins, Faces Last Mile Problem
Summary: In a recent interview, the President of Swift Asia-Pacific, Huang Shijin, expressed a 'neutral observation' attitude towards the rapid development of stablecoins. He mentioned that Swift has been closely monitoring the evolution of new technologies and value forms. However, whether it's central bank digital currencies, stablecoins, or any digital assets, ensuring safe and scalable global ...
In a recent interview, the President of Swift Asia-Pacific, Huang Shijin, expressed a 'neutral observation' attitude towards the rapid development of stablecoins. He mentioned that Swift has been closely monitoring the evolution of new technologies and value forms. However, whether it's central bank digital currencies, stablecoins, or any digital assets, ensuring safe and scalable global usage involves addressing the crucial issue of security and seamless interaction between different systems and technologies. This is a key factor in unlocking the potential of these new technologies and value solutions, ultimately leading to facing regulatory tasks such as KYC and anti-money laundering to ensure the trustworthiness of financial services and stability of the financial system, naturally encountering the 'last mile' problem. (Caixin)
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Link: Swift Asia-Pacific President: Maintains Neutral Stance on Stablecoins, Faces Last Mile Problem [Copy]
