|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
根据币安研究院的最新报告:稳定币正在成为区块链技术的关键方面,其监管塑造了全球分布式账本技术(DLT)规则的未来。
Stablecoins, a critical component of blockchain technology, are now a key focus for regulators worldwide. Their decisions will ultimately shape the rules governing distributed ledger technology (DLT) on a global scale.
稳定币是区块链技术的重要组成部分,现在是全球监管机构关注的重点。他们的决定最终将塑造全球范围内分布式账本技术(DLT)的管理规则。
Here's a closer look at the latest report from Binance Research on stablecoin regulation.
以下是币安研究院关于稳定币监管的最新报告的详细介绍。
Types of Stablecoins and Their Regulation
稳定币的类型及其监管
There are three main types of stablecoins:
稳定币主要分为三种类型:
1) Real-World Asset-Linked (Fiat-backed) Stablecoins,
1) 现实世界的资产挂钩(法定货币支持)稳定币,
2) Digital Asset-Backed Stablecoins,
2)数字资产支持的稳定币,
3) Algorithmic Stablecoins.
3)算法稳定币。
Fiat-backed stablecoins are the most widely used and are typically pegged to a fiat currency, such as the U.S. dollar. These stablecoins are designed to maintain a stable value, making them suitable for everyday transactions. In most jurisdictions, fiat-backed stablecoins are subject to licensing, transparency, and anti-money laundering (AML) regulations. These regulations aim to ensure that stablecoin issuers maintain the necessary fiat currency reserves and allow for timely redemption of stablecoins by users.
法定货币支持的稳定币使用最广泛,通常与美元等法定货币挂钩。这些稳定币旨在保持稳定的价值,使其适合日常交易。在大多数司法管辖区,法定支持的稳定币受到许可、透明度和反洗钱 (AML) 法规的约束。这些规定旨在确保稳定币发行机构维持必要的法定货币储备,并允许用户及时赎回稳定币。
Digital asset-backed stablecoins are pegged to the value of another crypto asset, such as Bitcoin or a basket of crypto assets. These stablecoins are typically used for decentralized finance (DeFi) applications and are not as widely regulated as fiat-backed stablecoins. However, some jurisdictions may apply regulations related to asset-backed tokens or stablecoins in general.
数字资产支持的稳定币与另一种加密资产的价值挂钩,例如比特币或一篮子加密资产。这些稳定币通常用于去中心化金融(DeFi)应用,并且不像法币支持的稳定币那样受到广泛的监管。然而,一些司法管辖区可能会适用与资产支持代币或稳定币相关的一般法规。
Algorithmic stablecoins use smart contracts to maintain their peg, typically expanding or contracting the stablecoin supply in response to price movements. These stablecoins are designed to maintain their peg without the need for fiat currency or other external asset reserves. Due to their inherent volatility and collapse risks, algorithmic stablecoins have faced significant regulatory challenges, with many jurisdictions opting to restrict or ban them.
算法稳定币使用智能合约来维持其挂钩,通常会根据价格变动扩大或收缩稳定币供应。这些稳定币旨在维持其挂钩,而不需要法定货币或其他外部资产储备。由于其固有的波动性和崩溃风险,算法稳定币面临着重大的监管挑战,许多司法管辖区选择限制或禁止它们。
Regional Frameworks for Stablecoin Regulation
稳定币监管的区域框架
Different jurisdictions are taking unique approaches to stablecoin regulation.
不同的司法管辖区正在采取独特的稳定币监管方法。
- In the EU, the Markets in Crypto-Assets (MiCA) framework will mandate strict rules for fiat-backed stablecoins, covering reserve management, redemption timelines, and other aspects. Notably, MiCA will ban algorithmic stablecoins to mitigate risks.
- 在欧盟,加密资产市场(MiCA)框架将对法定支持的稳定币制定严格的规则,涵盖储备管理、赎回时间表和其他方面。值得注意的是,MiCA 将禁止算法稳定币以降低风险。
- In the U.S., the Lummis-Gillibrand Payment Stablecoin Act focuses on integrating stablecoins with the banking system, requiring licensed stablecoin issuers to maintain strict reserve management practices. Multiple federal agencies, including the SEC, CFTC, and OCC, are involved in overseeing stablecoin activities, creating a complex regulatory environment.
- 在美国,《Lummis-Gillibrand 支付稳定币法案》侧重于将稳定币与银行系统整合,要求获得许可的稳定币发行人维持严格的准备金管理实践。包括 SEC、CFTC 和 OCC 在内的多个联邦机构参与监督稳定币活动,创造了复杂的监管环境。
- The UK has adopted a phased approach, initially integrating stablecoins under the Payment Services Regulation 2017. Future phases will cover algorithmic and commodity-backed stablecoins, with a particular emphasis on foreign stablecoins.
- 英国采取了分阶段的方法,最初根据 2017 年支付服务法规整合稳定币。未来阶段将涵盖算法和商品支持的稳定币,特别强调外国稳定币。
- In the UAE, the Central Bank of UAE (CBUAE) regulates stablecoins under the Payment Token Services Regulation, prioritizing transparency and restricting algorithmic tokens. While the UAE supports dirham-pegged stablecoins, it limits the use of foreign stablecoins for payments.
- 在阿联酋,阿联酋中央银行 (CBUAE) 根据《支付代币服务条例》对稳定币进行监管,优先考虑透明度并限制算法代币。虽然阿联酋支持与迪拉姆挂钩的稳定币,但它限制使用外国稳定币进行支付。
- Japan's Payment Services Act only permits banks and trust companies to issue stablecoins, ensuring secure backing and reliable redemption processes.
- 日本的《支付服务法》仅允许银行和信托公司发行稳定币,确保安全支持和可靠的赎回流程。
- Singapore's Monetary Authority of Singapore (MAS) framework governs single-currency stablecoins (SCS) pegged to the Singapore dollar or G10 currencies, emphasizing robust reserve management and transparency.
- 新加坡金融管理局 (MAS) 框架管理与新加坡元或 G10 货币挂钩的单币种稳定币 (SCS),强调稳健的储备管理和透明度。
Future Outlook on Stablecoin Regulation
稳定币监管的未来展望
As stablecoin adoption continues to grow and regulators gain more experience, we can expect further evolution in stablecoin regulation. Some key areas to watch include:
随着稳定币的采用不断增长以及监管机构获得更多经验,我们可以预期稳定币监管将进一步发展。一些值得关注的关键领域包括:
Integration with Traditional Finance: Stablecoins are becoming an essential part of existing banking frameworks, enabling faster transactions, lower costs, and cross-border payments. This integration will likely drive closer cooperation between regulators overseeing banks and платежные системы.
与传统金融的整合:稳定币正在成为现有银行框架的重要组成部分,从而实现更快的交易、更低的成本和跨境支付。这种整合可能会推动银行监管机构与银行之间更密切的合作。
Shift Towards Fiat-Linked Stablecoins: Given the risks and regulatory challenges associated with algorithmic models, many jurisdictions are focusing on fiat-backed tokens to foster trust and stability in the stablecoin ecosystem.
转向与法定货币挂钩的稳定币:考虑到与算法模型相关的风险和监管挑战,许多司法管辖区都将重点放在法定货币支持的代币上,以促进稳定币生态系统的信任和稳定性。
Global Coordination for Interoperability: Clear regulatory frameworks from regions like the EU, UAE, and Singapore are crucial in creating a globally interoperable framework for stablecoins. This will enable the adoption of diverse stablecoins, including non-USD stablecoins, and facilitate seamless cross-border payments.
全球互操作性协调:欧盟、阿联酋和新加坡等地区的明确监管框架对于创建稳定币的全球互操作框架至关重要。这将使包括非美元稳定币在内的多种稳定币得以采用,并促进无缝跨境支付。
免责声明:info@kdj.com
所提供的信息并非交易建议。根据本文提供的信息进行的任何投资,kdj.com不承担任何责任。加密货币具有高波动性,强烈建议您深入研究后,谨慎投资!
如您认为本网站上使用的内容侵犯了您的版权,请立即联系我们(info@kdj.com),我们将及时删除。
-
- 柴犬 (SHIB) 价格预测:公牛和鲸鱼大战,哪一方会获胜?
- 2024-10-16 04:25:01
- 最近几周,柴犬(SHIB)经历了一段相对价格盘整期,零售交易商重新燃起兴趣,推动价格间歇性上涨。
-
- Polkadot (DOT) 达到重要里程碑,季度支出减少一半
- 2024-10-16 04:25:01
- Polkadot 已经达到了一个重要的里程碑,其最新的财务报告显示季度支出大幅减少。
-
- 淘财富赌场:如何使用促销代码并最大化您的欢迎奖金
- 2024-10-16 04:25:01
- 通过此促销活动,您可以直接投入行动。它为您提供了无需预先花一分钱即可实现大目标的工具!
-
- 比特币、AVAX、BlockDAG:年底在哪里购买?
- 2024-10-16 04:25:01
- 随着年底的临近,加密货币市场正充满波动,因为交易者正在寻找最有前途的加密货币购买以获得可观的回报。