On the former issue, the Financial Stability Board has defined ten recommendations for the regulation, supervision and oversight of global stablecoin arrangements which jurisdictions need to implement; the G20 has reiterated that no stablecoin project can be started until these tools meet the necessary legal, regulatory and oversight requirements.
In Germany and Austria, on the other hand, they account for less than 5 per cent of such transactions. I am aware that the European Commission is taking an interest in the cost of cross  2  BIS Review 66/2001  border transfers within the euro area with the aim of achieving equalisation of banking charges as soon as possible.