{"id":59640,"date":"2026-04-21T13:00:46","date_gmt":"2026-04-21T13:00:46","guid":{"rendered":"https:\/\/crypto-globe.com\/?p=59640"},"modified":"2026-04-22T15:03:38","modified_gmt":"2026-04-22T15:03:38","slug":"bis-varuje-dolarove-stablecoiny-mozu-zatazit-banky-i-ekonomiku-regulacia-podla-expertov-nestaci","status":"publish","type":"post","link":"https:\/\/crypto-globe.com\/sk\/bis-varuje-dolarove-stablecoiny-mozu-zatazit-banky-i-ekonomiku-regulacia-podla-expertov-nestaci\/","title":{"rendered":"BIS varuje: dolarov\u00e9 stablecoiny m\u00f4\u017eu za\u0165a\u017ei\u0165 banky i ekonomiku. Regul\u00e1cia pod\u013ea expertov nesta\u010d\u00ed"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>R\u00fdchlo rast\u00faci trh so stablecoinmi, teda kryptomenami naviazan\u00fdmi na tradi\u010dn\u00e9 meny, sa dost\u00e1v\u00e1 pod \u010doraz v\u00e4\u010d\u0161iu drobnoh\u013ead regul\u00e1torov. Najnov\u0161ie na mo\u017en\u00e9 rizik\u00e1 upozor\u0148uje Banka pre medzin\u00e1rodn\u00e9 platby (BIS), pod\u013ea ktorej m\u00f4\u017eu najm\u00e4 dolarov\u00e9 stablecoiny predstavova\u0165 probl\u00e9m pre finan\u010dn\u00fa stabilitu i fungovanie b\u00e1nk.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Obsah \u010dl\u00e1nku &#8211; dolarov\u00e9 stablecoiny:<\/h2>\n\n\n<div class=\"wp-block-aioseo-table-of-contents\"><ul><li><a class=\"aioseo-toc-item\" href=\"#aioseo-stablecoiny-se-priblizuji-beznym-penezum-3\">Stablecoiny se p\u0159ibli\u017euj\u00ed b\u011b\u017en\u00fdm pen\u011bz\u016fm<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#aioseo-usdt-a-usdc-maji-bliz-k-investicnim-produktum-7\">USDt a USDC maj\u00ed bl\u00ed\u017e k investi\u010dn\u00edm produkt\u016fm<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#aioseo-riziko-retezove-reakce-v-dobe-stresu-10\">Dolarov\u00e9 stablecoiny &#8211; Riziko \u0159et\u011bzov\u00e9 reakce v dob\u011b stresu<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#aioseo-regulace-zatim-nestaci-13\">Regulace zat\u00edm nesta\u010d\u00ed<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#aioseo-evropa-zprisnuje-pristup-17\">Dolarov\u00e9 stablecoiny &#8211; Evropa zp\u0159\u00eds\u0148uje p\u0159\u00edstup<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#aioseo-tlak-sili-i-ve-velke-britanii-a-svycarsku-20\">Tlak s\u00edl\u00ed i ve Velk\u00e9 Brit\u00e1nii a \u0160v\u00fdcarsku<\/a><\/li><\/ul><\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"aioseo-stablecoiny-se-priblizuji-beznym-penezum-3\">Stablecoiny sa pribli\u017euj\u00fa be\u017en\u00fdm peniazom<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Gener\u00e1lny riadite\u013e BIS Pablo Hern\u00e1ndez de Cos <a href=\"https:\/\/www.bis.org\/speeches\/sp260420.pdf\" target=\"_blank\" rel=\"noopener\" title=\"\">na semin\u00e1ri Bank of Japan v Tokiu upozornil<\/a>, \u017ee ak stablecoiny v\u00fdrazne porast\u00fa, m\u00f4\u017eu za\u010da\u0165 konkurova\u0165 tradi\u010dn\u00fdm peniazom. Tak\u00fdto v\u00fdvoj by pod\u013ea neho mal \u201ez\u00e1sadn\u00e9 d\u00f4sledky&#8220; pre finan\u010dn\u00fa stabilitu i hospod\u00e1rsku politiku.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/crypto-globe.com\/eurove-stablecoiny-dominuji-trhu-mimo-dolar-co-za-tim-stoji-a-proc-jejich-vyznam-roste\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Stablecoiny<\/a> s\u00edce prin\u00e1\u0161aj\u00fa technologick\u00e9 v\u00fdhody, napr\u00edklad r\u00fdchlej\u0161ie cezhrani\u010dn\u00e9 prevody alebo napojenie na inteligentn\u00e9 kontrakty, ich s\u00fa\u010dasn\u00e1 podoba v\u0161ak pod\u013ea BIS st\u00e1le nezodpoved\u00e1 po\u017eiadavk\u00e1m na \u0161iroko pou\u017e\u00edvan\u00fd platobn\u00fd prostriedok.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\">P\u0159e\u010dt\u011bte si tak\u00e9: <a href=\"https:\/\/crypto-globe.com\/top-10-zemi-sveta-adopce-kryptomen\/\" target=\"_blank\" rel=\"noopener\" title=\"\">TOP 10 zem\u00ed s nejrychlej\u0161\u00ed adopc\u00ed kryptom\u011bn<\/a><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"aioseo-usdt-a-usdc-maji-bliz-k-investicnim-produktum-7\">USDt a USDC maj\u00fa bli\u017e\u0161ie k investi\u010dn\u00fdm produktom<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Pod\u013ea BIS vykazuj\u00fa najv\u00e4\u010d\u0161ie dolarov\u00e9 stablecoiny, ako&nbsp;USDt&nbsp;a&nbsp;USDC, sk\u00f4r charakter investi\u010dn\u00fdch n\u00e1strojov ne\u017e digit\u00e1lnej hotovosti. Upozor\u0148uje pritom na poplatky a podmienky pri sp\u00e4tnom odk\u00fapen\u00ed tokenov i na situ\u00e1cie, ke\u010f sa ich cena na sekund\u00e1rnych trhoch odch\u00fdli od nomin\u00e1lnej hodnoty.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pr\u00e1ve tieto rysy pod\u013ea de Cosa pribli\u017euj\u00fa stablecoiny fungovaniu burzovo obchodovan\u00fdch fondov, teda <a href=\"https:\/\/crypto-globe.com\/blackrock-prichazi-s-novym-etf-na-ethereum-ktere-muze-investorum-vydelavat-i-pasivni-odmeny\/\" target=\"_blank\" rel=\"noopener\" title=\"\">ETF<\/a>. Z\u00e1rove\u0148 v\u0161ak upozor\u0148uje, \u017ee na rozdiel od nich m\u00f4\u017eu stablecoiny vytv\u00e1ra\u0165 v\u00fdraznej\u0161ie syst\u00e9mov\u00e9 rizik\u00e1, najm\u00e4 v pr\u00edpade n\u00e1hleho odlivu kapit\u00e1lu.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"aioseo-riziko-retezove-reakce-v-dobe-stresu-10\">Dolarov\u00e9 stablecoiny &#8211; Riziko re\u0165azovej reakcie v \u010dase stresu<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Emitenti stablecoinov dr\u017eia rezervy predov\u0161etk\u00fdm v kr\u00e1tkodob\u00fdch \u0161t\u00e1tnych dlhopisoch a bankov\u00fdch vkladoch. V pr\u00edpade kr\u00edzov\u00e9ho scen\u00e1ra by r\u00fdchle v\u00fdbery mohli tieto subjekty prin\u00fati\u0165 k ich n\u00faten\u00e9mu predaju, a to v situ\u00e1cii, ke\u010f s\u00fa trhy u\u017e tak pod tlakom.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tak\u00fdto v\u00fdvoj by mohol vies\u0165 nielen k naru\u0161eniu dlhopisov\u00fdch trhov, ale i k prenosu nap\u00e4tia do bankov\u00e9ho sektora. BIS v tejto s\u00favislosti varuje pred rizikom takzvanej n\u00e1kazy, ke\u010f sa probl\u00e9my jedn\u00e9ho segmentu r\u00fdchlo prelij\u00fa do \u010fal\u0161\u00edch \u010dast\u00ed finan\u010dn\u00e9ho syst\u00e9mu.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"aioseo-regulace-zatim-nestaci-13\">Regul\u00e1cia zatia\u013e nesta\u010d\u00ed<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u010eal\u0161\u00edm probl\u00e9mom zost\u00e1v\u00e1 samotn\u00e1 infra\u0161trukt\u00fara stablecoinov. Tie \u010dasto funguj\u00fa na verejn\u00fdch blockchainoch a vyu\u017e\u00edvaj\u00fa nehostovan\u00e9 pe\u0148a\u017eenky, \u010do znamen\u00e1, \u017ee v\u00fdznamn\u00e1 \u010das\u0165 transakci\u00ed prebieha mimo \u0161tandardn\u00e9 kontroln\u00e9 mechanizmy proti praniu \u0161pinav\u00fdch pe\u0148az\u00ed a financovaniu terorizmu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bez dodato\u010dn\u00fdch opatren\u00ed na vstupn\u00fdch a v\u00fdstupn\u00fdch bodoch tak m\u00f4\u017eu by\u0165 stablecoiny pod\u013ea BIS atrakt\u00edvne i pre neleg\u00e1lne aktivity. Pr\u00e1ve preto vol\u00e1 po silnej\u0161ej medzin\u00e1rodnej koordin\u00e1cii regul\u00e1cie.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\" id=\"aioseo-ctete-take-coinbase-recenze-kryptomenove-burzy\">\u010ct\u011bte tak\u00e9: <a href=\"https:\/\/crypto-globe.com\/coinbase-recenze-kryptomenove-burzy\/\" title=\"Coinbase: Recenze kryptom\u011bnov\u00e9 burzy\">Coinbase: Recenze kryptom\u011bnov\u00e9 burzy<\/a><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"aioseo-evropa-zprisnuje-pristup-17\">Dolarov\u00e9 stablecoiny &#8211; Eur\u00f3pa spr\u00eds\u0148uje pr\u00edstup<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Na rast\u00face obavy reaguj\u00fa i eur\u00f3pske in\u0161tit\u00facie. Denis Beau z Bank of France <a href=\"https:\/\/www.bis.org\/review\/r260331b.htm\" target=\"_blank\" rel=\"noopener\" title=\"\">vyzval<\/a> Eur\u00f3psku \u00faniu, aby i\u0161la nad r\u00e1mec s\u00fa\u010dasn\u00e9ho regula\u010dn\u00e9ho r\u00e1mca a omedzila vyu\u017e\u00edvanie stablecoinov naviazan\u00fdch na jin\u00e9 meny ne\u017e euro v be\u017en\u00fdch platb\u00e1ch.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/trader-magazine.com\/cs\/novinky\/ecb-loni-vykazala-rekordni-ztratu-kvuli-vysokym-urokovym-nakladum\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Eur\u00f3pska centr\u00e1lna banka<\/a> navy\u0161e upozor\u0148uje, \u017ee stablecoiny zdie\u013eaj\u00fa niektor\u00e9 vlastnosti s tokenizovan\u00fdmi fondmi pe\u0148a\u017en\u00e9ho trhu. Oba typy n\u00e1strojov pracuj\u00fa s transform\u00e1ciou likvidity a jsou n\u00e1chyln\u00e9 k panick\u00fdm v\u00fdberom, pri\u010dom rozdiely v regul\u00e1cii m\u00f4\u017eu ovplyvni\u0165, ako sa pr\u00edpadn\u00fd stres prenesie do \u0161ir\u0161ieho finan\u010dn\u00e9ho syst\u00e9mu.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"574\" src=\"https:\/\/crypto-globe.com\/wp-content\/uploads\/2026\/04\/stablecoin7654356677654333222-1024x574.jpeg\" alt=\"stablecoiny\" class=\"wp-image-59585\" srcset=\"https:\/\/crypto-globe.com\/wp-content\/uploads\/2026\/04\/stablecoin7654356677654333222-1024x574.jpeg 1024w, https:\/\/crypto-globe.com\/wp-content\/uploads\/2026\/04\/stablecoin7654356677654333222-300x168.jpeg 300w, https:\/\/crypto-globe.com\/wp-content\/uploads\/2026\/04\/stablecoin7654356677654333222-768x430.jpeg 768w, https:\/\/crypto-globe.com\/wp-content\/uploads\/2026\/04\/stablecoin7654356677654333222-1536x861.jpeg 1536w, https:\/\/crypto-globe.com\/wp-content\/uploads\/2026\/04\/stablecoin7654356677654333222-2048x1148.jpeg 2048w, https:\/\/crypto-globe.com\/wp-content\/uploads\/2026\/04\/stablecoin7654356677654333222-150x84.jpeg 150w, https:\/\/crypto-globe.com\/wp-content\/uploads\/2026\/04\/stablecoin7654356677654333222-696x390.jpeg 696w, https:\/\/crypto-globe.com\/wp-content\/uploads\/2026\/04\/stablecoin7654356677654333222-1068x599.jpeg 1068w, https:\/\/crypto-globe.com\/wp-content\/uploads\/2026\/04\/stablecoin7654356677654333222-1920x1076.jpeg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"aioseo-tlak-sili-i-ve-velke-britanii-a-svycarsku-20\">Tlak s\u00edl\u00ed aj vo Ve\u013ekej Brit\u00e1nii a \u0160vaj\u010diarsku<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Diskusia o stablecoinoch prebieha i mimo Eur\u00f3psku \u00faniu. V Spojenom kr\u00e1\u013eovstve sa nimi zaoberala horn\u00e1 komora parlamentu, ktor\u00e1 sa <a href=\"https:\/\/cointelegraph.com\/news\/uk-lords-grill-coinbase-over-stablecoins\" target=\"_blank\" rel=\"noopener\" title=\"\">p\u00fdtala z\u00e1stupcov Coinbase <\/a>okrem in\u00e9ho na to, \u010di m\u00f4\u017eu stablecoiny od\u010derp\u00e1va\u0165 vklady z b\u00e1nk alebo prispie\u0165 ku kr\u00edzam podobn\u00fdm p\u00e1du Silicon Valley Bank.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Z\u00e1rove\u0148 britsk\u00e1 vl\u00e1da pripravuje vlastn\u00fd regula\u010dn\u00fd re\u017eim pre stablecoiny kryt\u00e9 fiat menami. \u0160vaj\u010diarsko naopak sk\u00fa\u0161a experiment\u00e1lny pr\u00edstup. Banka UBS spolu s \u010fal\u0161\u00edmi in\u0161tit\u00faciami <a href=\"https:\/\/cointelegraph.com\/news\/ubs-five-banks-swiss-franc-stablecoin-sandbox\" target=\"_blank\" rel=\"noopener\" title=\"\">spustila<\/a> pilotn\u00fd projekt stablecoinu naviazan\u00e9ho na \u0161vaj\u010diarsky frank, ktor\u00fd funguje v sandboxovom re\u017eime a m\u00e1 overi\u0165 mo\u017enosti vyu\u017eitia blockchainu v r\u00e1mci regulovan\u00e9ho finan\u010dn\u00e9ho syst\u00e9mu.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\" id=\"aioseo-mohlo-by-se-vam-libit-bitcoin-ceka-na-fed\">Mohlo by se V\u00e1m l\u00edbit: <a href=\"https:\/\/crypto-globe.com\/bitcoin-ceka-na-fed-aby-mohl-cenove-rust\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Bitcoin \u010dek\u00e1 na Fed<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>R\u00fdchlo rast\u00faci trh so stablecoinmi, teda kryptomenami naviazan\u00fdmi na tradi\u010dn\u00e9 meny, sa dost\u00e1v\u00e1 pod \u010doraz v\u00e4\u010d\u0161iu drobnoh\u013ead regul\u00e1torov. Najnov\u0161ie na mo\u017en\u00e9 rizik\u00e1 upozor\u0148uje Banka pre medzin\u00e1rodn\u00e9 platby (BIS), pod\u013ea ktorej m\u00f4\u017eu najm\u00e4 dolarov\u00e9 stablecoiny predstavova\u0165 probl\u00e9m pre finan\u010dn\u00fa stabilitu i fungovanie b\u00e1nk. Obsah \u010dl\u00e1nku &#8211; dolarov\u00e9 stablecoiny: Stablecoiny sa pribli\u017euj\u00fa be\u017en\u00fdm peniazom Gener\u00e1lny riadite\u013e BIS [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":59592,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[15,168],"tags":[801,16,89,342],"class_list":["post-59640","post","type-post","status-publish","format-standard","has-post-thumbnail","category-kryptomeny","category-kryptomeny-sk","tag-bis","tag-kryptomeny","tag-kryptomeny-sk","tag-stablecoin"],"aioseo_notices":[],"yasr_visitor_votes":{"stars_attributes":{"read_only":false,"span_bottom":false},"number_of_votes":0,"sum_votes":0},"aioseo_meta":{"seo_title":"Dolarov\u00e9 stablecoiny ohrozuj\u00fa banky, varuje BIS","meta_description":"stablecoiny. BIS upozor\u0148uje na rast\u00face rizik\u00e1 stablecoinov pre finan\u010dn\u00fa stabilitu. Eur\u00f3pa i Brit\u00e1nia zva\u017euj\u00fa pr\u00edsnej\u0161iu regul\u00e1ciu dolarov\u00fdch stablecoinov a i...","focus_keyword":"stablecoiny"},"_links":{"self":[{"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/posts\/59640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/comments?post=59640"}],"version-history":[{"count":1,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/posts\/59640\/revisions"}],"predecessor-version":[{"id":59645,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/posts\/59640\/revisions\/59645"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/media\/59592"}],"wp:attachment":[{"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/media?parent=59640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/categories?post=59640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-globe.com\/sk\/wp-json\/wp\/v2\/tags?post=59640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}