The phased capital requirment approach you discussed is crucial for smaller players who would otherwise face significant barriers. I appreciate how the discussion highlighted the balance between leveling the playing field and not crushing new entrants. The two-year timeline for capital contributions sounds like a reasonable compramise. It's interesting that stablecoins are now officially part of the FX framework, this legitimizes crypto payments in ways that weren't posible before.
The phased capital requirment approach you discussed is crucial for smaller players who would otherwise face significant barriers. I appreciate how the discussion highlighted the balance between leveling the playing field and not crushing new entrants. The two-year timeline for capital contributions sounds like a reasonable compramise. It's interesting that stablecoins are now officially part of the FX framework, this legitimizes crypto payments in ways that weren't posible before.