Stablecoins and National Security | Former CFTC Chair Timothy Massad
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Stablecoins and Economic Sanctions
This chapter explores the implications of stablecoins in the context of economic sanctions, particularly how they may enable sanctions evasion by foreign entities like Hamas and Russian smugglers. It emphasizes the urgent need for a regulatory framework to address the potential for illicit activities tied to stablecoins while balancing innovation with security and compliance measures. The discussion also highlights the challenges faced by regulators in adapting to the complexities of blockchain technology and ensuring the integrity of financial systems.
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