In the future, and indeed the near future, there are likely to be even more innovative instruments available, namely ‘stablecoins’, which are a type of crypto-assets whose value is guaranteed by adequate collateral issued by companies operating on a regional or even a global scale.
This phenomenon raises delicate questions regarding IT risks, personal data processing and management, the correct functioning of the payment system, financial stability and the transmission of monetary policy. There is also the risk of tax evasion, money laundering and the 5/7  BIS central bankers' speeches  financing of terrorism. The complexity and global nature of these issues make regulation at international level essential.