Data Privacy & Security Data Privacy & Security

Global stablecoin regulatory response 'must match' cross-border phenomenon, says BOE's Bailey

By Fiona Maxwell
  • 03 Sep 2020 11:38
  • 03 Sep 2020 11:50
The regulatory response to global stablecoins must match the cross-border nature of the phenomenon with standards grounded in internationally agreed rules, Bank of England Governor Andrew Bailey said today.

While stablecoins — which are digital payments pegged to other assets such as the Facebook-led Libra — present less risk than for example the volatile Bitcoin,

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