News Explorer — Bank of England Faces Pressure to Revise Stablecoin Regulations

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Dec 12, 3:48 pm

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Bank of England Faces Pressure to Revise Stablecoin Regulations

British lawmakers are urging the Bank of England to reconsider proposals that would cap stablecoin holdings for citizens and businesses, with stringent reserve requirements on issuers. The central bank aims to safeguard access to credit as the financial system adapts to digital money.

British lawmakers are urging the Bank of England to reconsider proposals that would cap stablecoin holdings for citizens and businesses, with stringent reserve requirements on issuers. The central bank aims to safeguard access to credit as the financial system adapts to digital money.

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