Swift Asia Pacific President: Neutral observation attitude towards stablecoins, facing the last mile issue

Odaily Planet Daily News: Huang Shijin, President of Swift Asia Pacific, recently stated in an interview that he has a "neutral observation" attitude towards the rapidly developing stablecoin. He said that Swift has been closely monitoring the evolution of new technologies and value forms. However, whether it is central bank digital currency, stablecoin or any digital asset, in order to form a secure and large-scale use on a global scale, an unavoidable issue is to ensure the security and seamless interaction between different systems and technologies. This is a key factor in unleashing the potential of these new technologies and value form solutions, and ultimately will face a series of regulatory work such as KYC and anti money laundering to ensure the credibility of financial services and the stability of the financial system. Naturally, it will also face the "last one". The issue of kilometers. (Caixin Network)