A Round Table Discussion on Stablecoins: Taking the World by Storm or Storming the World?
Virtual Currency, Digital Assets and Blockchain Technology attorney Andrew Balthazor was quoted by The International Journal of Blockchain Law in an article about stablecoins and how these have helped the growth of decentralized autonomous organizations (DAOs). Mr. Balthazor said there should be safeguards to prevent employers from creating their own stablecoin and then forcing it on employees. He also talked about how financial surveillance will be affected if stablecoins and crypto currencies are adopted at scale.
"Stablecoins have the potential to help, not hinder, anti-money laundering and financial crime surveillance," he said.
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