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Stablecoin issuers should be regulated like banks are, Bank of England says

Stablecoin issuers that want to offer systemic means of payments should be regulated in the same way that banks are, according to the Bank of England.
The BOE intends to impose even tighter requirements on financial resources for stablecoins than it does for commercial bank money, because it will be

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Phoebe Seers


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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