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Bank of England Relaxes Stablecoin Rules
Published 1 week, 6 days ago
Description
The Bank of England is revising its strict stablecoin regulations following industry pushback. Deputy Governor Sarah Breeden acknowledged the initial limits may have been too restrictive, aiming for a balance between risk management and fostering growth in the stablecoin sector. The central bank is now seeking more efficient ways to control risks as stablecoins gain traction.
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