NYDFS and EBA establish cross-border stablecoin supervisory cooperation
Regulation · · Ketju Research
This entry records an official signal, such as a speech or a statement. It does not change the law.
What changed
NYDFS and the European Banking Authority signed an MOU for confidential-information exchange, risk identification, and supervisory cooperation concerning stablecoin activities of supervised entities.
Who it affects
- Cross-border stablecoin issuers, regulated custodians and distributors, investment advisers, and clients
What is still open
- How the authorities will use the MOU in examinations, licensing, and enforcement
What it means for an advisor
- Expect greater cross-border information sharing and align issuer, reserve, redemption, and distribution diligence across U.S. and EU regimes.
Sources
- NYDFS and EBA establish cross-border stablecoin supervisory cooperation · New York State Department of Financial Services; European Banking Authority ·
Version 1, published . Educational analysis, not legal advice.