EBA officials anticipate a surge in stablecoin issuance over the coming months and have urged businesses to use its guiding principles before the necessary restrictions are implemented.
The bank plans to enable users to make phone payments by integrating its e-CNY app with specialized “super SIM cards” that have near-field communication capabilities.
The Government Accountability Office highlighted blockchain’s ability to streamline and improve annual reporting, facilitate safe loans and monitor business development progress.