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Global Regulators Favor Tokenized Bank Deposits Over Stablecoins, JPMorgan Reports
Global Regulators Favor Tokenized Bank Deposits Over Stablecoins, JPMorgan Reports
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BTCCSquare news:
JPMorgan's latest research reveals a growing preference among international regulators for tokenized bank deposits, which align with existing fiat-based banking systems. The Block reported on July 18 that these instruments, particularly non-transferable deposits, are gaining traction as they minimize price deviation risks and maintain uniformity across monetary forms.
Central banks, including the Bank of England, are leaning toward digital instruments issued by commercial banks. These tokenized deposits operate on blockchain while preserving traditional safeguards like central bank liquidity access and AML compliance. The shift underscores traditional finance's adaptation to digital technologies without compromising regulatory stability.
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