Implementing these oversight and regulatory initiatives will guarantee that the prospective use of stablecoins to provide payment services within the EU will respect the same standards that currently exist for payment systems and instruments. A multi-sectoral response from central banks, financial regulators, data protection authorities and competition authorities is necessary.
In this sense, it is important for Asia to continue strengthening its role in the global economy as Factory Asia and Consumer Asia. B. Enhancing Resilience and Agility Strong economic growth in the Asian region has supported the global economy in its recovery from the Global Financial Crisis.