Will Stablecoins Become Illegal?

Too Long; Didn't Read

Central banks are pushing for strict regulation of centralized, privately issued global stablecoins. Fiat-anchored crypto-currencies are being scrutinized based on the recommendations of the Financial Stability Board. Tether has a market cap of approximately $6,370,234,959 and a larger 24-hour volume than Bitcoin. Many use such stablecoins to either send from one exchange to another or to cash out of Bitcoin and Co. without going into the dollar. Julian: "There could be fluctuations now in the short term, but the value of Bitcoin has not changed"