Central Bank: US dollar stablecoins may become a shadow forex market! They could circumvent exchange settlement regulations, impacting the New Taiwan Dollar exchange rate.

Taiwan's Central Bank warns that if the US dollar stablecoin circulates widely, it may form a shadow forex market and evade Exchange Settlement regulations, further impacting the stability of the New Taiwan Dollar Exchange Rate and regulation. In the future, in addition to strengthening monitoring measures, it does not rule out formally incorporating information related to stablecoins into the observation indicators of monetary policy management.

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