3 articles tagged with #bank-of-england. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
The Bank of England is considering abandoning its proposed stablecoin holding limits following significant industry backlash. Industry groups argue these restrictions would make the UK appear hostile to cryptocurrency and harm innovation in the sector.
Coinbase policy executive Tom Duff Gordon testified before UK Lords urging regulators to abandon proposed Bank of England stablecoin caps. He also called for allowing rewards on stablecoins, adjusting reserve requirements, and pursuing international equivalence agreements to maintain UK's competitive position in digital assets.
The Bank of England's Deputy Governor indicated the central bank remains open to revising its proposed regulatory framework for pound-denominated stablecoins. This suggests potential flexibility in the UK's approach to stablecoin regulation as the framework continues to develop.
