CryptoBullishBlockonomi · 2h ago7/10
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UK House of Lords Pushes Bank of England on Stablecoin Rule Delays
The UK House of Lords has urged the Bank of England to expedite final stablecoin regulations, citing potential benefits for faster and cheaper payments through a GBP stablecoin market. The committee supports one-to-one reserve backing requirements but questions proposed holding limits and rules requiring unremunerated backing assets.