Bank of England Governor Opposes Private Stablecoins

BIS says a more "restrictive regime" is needed in stablecoin policy guidance - Ledger Insights - blockchain for enterprise

For the second time in three weeks the Bank for International Settlements (BIS) has published a highly critical paper about stablecoins. The previous one outlined how stablecoins are “unsound money” and the latest is entitled “Stablecoin growth – policy challenges and approaches”. The focus is on the challenges, with only hints about approaches and the […] The post BIS says a more “restrictive regime” is needed in stablecoin policy guidance appe…

Bank of England Governor Opposes Private Stablecoins

Bank of England Governor Opposes Private Stablecoins The governor of the Bank of England has issued a cautionary statement against the issuance of private stablecoins.