Bank of England Deputy Governor: UK Stablecoin Regulatory Framework Will Progress in Sync with the US
According to ChainCatcher, citing Bloomberg, Bank of England Deputy Governor Sarah Breeden stated that the UK's new stablecoin regulatory rules will be implemented "as quickly as in the United States" in response to industry concerns that the UK may be falling behind in establishing a stablecoin regulatory framework.
Breeden pointed out that there are differences between the UK and the US in setting restrictions on stablecoin holdings, mainly because the UK mortgage market relies more heavily on commercial bank loans.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BTC breaks through 83,000 USDT, up 1.64% in 24 hours
Saylor Blames Trade Policy, Rising Yields and AI Spending for Bitcoin’s Struggles
Peacock will take over as JPMorgan's Global Head of Consumer and Retail M&A early next year.
Peacock will serve as the Global Head of Consumer and Retail M&A at JPMorgan starting early next year.
Morgan Stanley raises Meta's target price to $820
Crypto prices
More
