Swift Asia Pacific President: The globalization of stablecoins needs to address cross-system interaction and regulatory issues.

On June 25, Huang Shijin, the President of Swift Asia Pacific, stated in a recent interview that his attitude towards the rapidly developing stablecoin is one of "neutral observation." He mentioned that Swift has been closely following the evolution of new technologies and new forms of value. However, whether it is Central Bank Digital Currency, stablecoins, or any digital assets, a crucial issue that cannot be avoided in establishing secure and scalable usage globally is ensuring safe and seamless interaction between different systems and technologies. This is a key factor in unlocking the potential of these new technologies and new forms of value solutions. Ultimately, it will also face a series of regulatory tasks, including KYC and Money Laundering, to ensure the credibility of financial services and the stability of the financial system, and naturally, it will confront the "last mile" problem.

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MevShadowrangervip
· 06-28 11:25
Regulators always like to play with KYC.
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IfIWereOnChainvip
· 06-28 09:08
The biggest problem in the crypto world is making money.
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StakeOrRegretvip
· 06-25 12:10
Cross-chain and KYC are both indispensable.
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LoneValidatorvip
· 06-25 12:07
Watching and wanting to get a share of the pie.
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