With increasing government oversight, some crypto users may be forced to look for censorship-resistant stablecoins in the future.
Censorship-resistant “dark stablecoins” could come in increasing demand as governments tighten their oversight of the industry.
Stablecoins have been used for various groups to store assets due to a lack of government interference; however, with regulations pending, that could soon change, Ki Young Ju, CEO of crypto analytics firm CryptoQuant, said in a May 11 X post.
“Soon, any stablecoin issued by a country could face strict govt regulation, similar to traditional banks. Transfers might automatically trigger tax collection through smart contracts, and wallets could be frozen or require paperwork based on government rules,” he said.
