EY advises banks to ‘prepare for what’s coming’ -Breaking
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Big Four accounting firm Ernst & Young has recommended that banks should change their regulatory perimeter to address the oncoming launches of state-backed central bank digital currencies (CBDC) and private stablecoins.
EY’s “2022 Global Regulatory Outlook” highlighted the need for a policy change that can help financial services firms overcome business uncertainties amid mainstreaming of digital assets and cryptocurrency. Although acknowledging uncertainty surrounding the market for digital assets, Report states:
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