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Swiss National Bank warns stablecoins could complicate monetary policy

A Swiss National Bank rate-setter warned that stablecoins could complicate the transmission of monetary policy, calling for new regulation to safeguard central bank influence.

Carved stone facade with golden lettering reading Schweizerische Nationalbank below a stone lion ornament.
Image: @Cointelegraph

One of the three interest rate-setters at the Swiss National Bank has warned that stablecoins could complicate the transmission of monetary policy, according to a report by Bloomberg. The official urged the implementation of regulation specifically designed to safeguard the influence of central bank policymakers.[1][3]

Crypto Briefing reported that the central bank cautioned stablecoins could weaken policymakers' grip on monetary policy, pointing to the necessity of regulatory measures to ensure economic stability.[2]

Key facts

  • An interest rate-setter at the Swiss National Bank warned that stablecoins could complicate the transmission of monetary policy.
  • The rate-setter called for regulation that safeguards policymakers' influence.
  • The Swiss National Bank has three interest rate-setters.
  • Crypto Briefing reported that stablecoins could weaken central banks' monetary policy control, necessitating rules to maintain economic stability.

Sources · 3 sources

  1. BL

    Bloomberg@businessPost on X ·

    Stablecoins could complicate the transmission of monetary policy, one of the Swiss National Bank’s three interest rate-setters said, calling for a regulation that safeguards the influence of policymakers. https://t.co/GufwPHIiBZ

    Open source
  2. CB

    Crypto BriefingArticle ·

    Swiss National Bank warns stablecoins may disrupt monetary policy Stablecoins could weaken central banks' control over monetary policy, necessitating regulatory measures to maintain economic stability. The post Swiss National Bank warns stablecoins may disrupt monetary policy appeared first on Crypto Briefing .

    Open source
  3. CO

    Cointelegraph@CointelegraphPost on X ·

    🇨🇭 NOW: The Swiss National Bank says stablecoins could weaken how monetary policy works and calls for rules that protect central banks’ influence. https://t.co/XzvxN2PXOY

    Open source