英国金融当局推出 Pyxtrial 以更好地监管稳定币

国际清算银行（BIS）和英格兰银行正在运行一个项目，可以实时跟踪稳定币储备。

The UK financial watchdog is piloting a new system to monitor stablecoin reserves in real-time.

英国金融监管机构正在试行一种新系统来实时监控稳定币储备。

Dubbed Pyxtrial, the technology will enable UK financial authorities to directly access data from users’ systems for on-chain liability verification. The system will also apply to other tokenized products backed by Real-World Assets (RWA).

该技术被称为 PyxTrial，将使英国金融当局能够直接访问用户系统中的数据以进行链上责任验证。该系统还将适用于由真实世界资产（RWA）支持的其他代币化产品。

The announcement comes amid the UK watchdog’s interest in stablecoins, which are a fast-growing sector in the crypto market. However, the sector remains largely unregulated, sparking concerns among authorities.

这一消息发布之际，英国监管机构对稳定币很感兴趣，稳定币是加密货币市场中快速增长的一个领域。然而，该行业在很大程度上仍然不受监管，引发了当局的担忧。

The UK watchdog has expressed skepticism over the validity of the reserves that stablecoin issuers claim to back their holdings. This follows a period of heightened scrutiny of stablecoin reserves and a wave of insolvencies in the crypto industry.

英国监管机构对稳定币发行人声称支持其持有的储备的有效性表示怀疑。在此之前，稳定币储备受到了严格审查，加密行业出现了一波破产浪潮。

In response to the fallout, some stablecoin issuers, including Tether, and even exchanges, like Binance, have engaged in self-regulation. For instance, Binance introduced a Proof-of-Reserves system to instill confidence in the exchange’s solvency.

为了应对这一影响，包括 Tether 在内的一些稳定币发行商，甚至像币安这样的交易所，都进行了自我监管。例如，币安引入了准备金证明系统，以增强人们对交易所偿付能力的信心。

Meanwhile, the إفادة من قبل شركة ديفلي لاماstablecoins are a major use case for DeFi, with a market capitalization of $164.02 billion. But as the market grows, so do concerns over a lack of regulation.

与此同时，Devil Lama 稳定币的声明是 DeFi 的主要用例，市值为 1640.2 亿美元。但随着市场的增长，对缺乏监管的担忧也在增加。

Stablecoin usage has attracted the attention of regulators, particularly in the context of disclosures and potential instability during market stress. SEC Chair Gary Gensler has asserted that some stablecoins are likely securities.

稳定币的使用引起了监管机构的关注，特别是在市场压力期间的信息披露和潜在不稳定的背景下。美国证券交易委员会主席加里·詹斯勒 (Gary Gensler) 断言，某些稳定币可能是证券。

In light of this, the regulator has proposed registration and additional oversight to address these concerns.

有鉴于此，监管机构建议进行注册和额外监督，以解决这些问题。

For example, in 2023, the US SEC went after Binance US stablecoin (BUSD) over securities claims. This move sent shock waves throughout the market, hinting at which dollar-pegged tokens could draw regulatory attention and investigation.

例如，2023 年，美国 SEC 因证券索赔而对币安美国稳定币（BUSD）进行了追查。此举在整个市场引发了冲击，暗示与美元挂钩的代币可能会引起监管机构的关注和调查。

However, the regulator later dropped the charges after a court ruling in favor of Binance, stating that BUSD sales did not constitute a securities offering. This verdict provided a win for the stablecoin sector in the US.

然而，在法庭做出有利于币安的裁决后，监管机构随后撤销了指控，称 BUSD 销售不构成证券发行。这一判决为美国稳定币行业带来了胜利。

Now, as the UK stablecoin market unfolds, Pyxtrial could pave the way for greater oversight in the UK.

现在，随着英国稳定币市场的发展，PyxTrial 可以为英国加强监管铺平道路。