Sector Regulation Sector Regulation

No stablecoin in operation now would meet future UK regulatory standards, BOE warns

By Phoebe Seers
  • 12 Jul 2022 13:39
  • 12 Jul 2022 13:48
The Bank of England has cast doubt on the ability of any existing stablecoin provider to meet the regulatory standards it plans to introduce. 

The UK government has committed to legalizing stablecoins, a form of cryptoasset that are typically pegged to a fiat currency such as the dollar. But the BOE’s

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