BoE Governor Warns Stablecoin Boom May Hurt Monetary Trust

Financial authority reform delay in South Korea stalls push for key policy initiatives, including stablecoins

President Lee Jae Myung has finalized most of his initial Cabinet appointments since taking office on June 4, but delays in the organizational restructuring of financial authorities and the appointment of new leadership are creating uncertainty within the financial sector, government and industry officials said Sunday. Market participants have expressed concerns that the prolonged leadership vacuum may hinder timely responses to critical policy …

BOE Governor Bailey Warns Banks Against Issuing Own Stablecoins

Bank of England Governor Andrew Bailey has warned the world’s largest banks against issuing their own stablecoins, setting up a potential clash with President Donald Trump’s administration and its backing of the digital assets.

BoE Governor Warns Stablecoin Boom May Hurt Monetary Trust

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Bank of England governor warns against private stablecoin issuance - WorldNL Magazine

Bank of England governor Andrew Bailey joins a growing list of European officials concerned with the rise of stablecoins. Bank of England (BOE) governor Andrew Bailey recently warned against banks issuing stablecoins, saying that the Bank of England should focus on tokenizing deposits instead.Stablecoins introduce systemic risks to banking institutions that could destabilize the entire financial system, causing sovereign governments to lose cont…

Bank of England governor warns against private stablecoin issuance

Bank of England Governor Andrew Bailey sounds the alarm on privately-issued stablecoins and warns they can destabilize the financial system.