>There would be nothing wrong with backing a token to a currency. I don't know about that. Isn't the entire point of stablecoin to skirt existing regulations?

>There would be nothing wrong with backing a token to a currency. I don't know about that. Isn't the entire point of stablecoin to skirt existing regulations? Moving fiat currency isn't hard in and of itself. There is no technical challenge in Paypal sending $100,000 to my friend in Iran. What makes it hard are the regulations combating money laundering, criminal and terrorism funding and enforcement of sanctions.