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UK MPs Warn BoE Regulations Could Drive Innovation Abroad
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UK lawmakers warn stablecoin plans risk stifling innovation
UK lawmakers urge the Bank of England to rethink proposed stablecoin caps and reserve rules, warning the measures could drive crypto activity overseas. The post UK lawmakers warn stablecoin plans risk stifling innovation appeared first on CoinGeek.
UK MPs Warn BoE Regulations Could Drive Innovation Abroad
UK Parliament Urges Reconsideration of Stablecoin Regulations to Foster Innovation A bipartisan group of UK lawmakers, including former Defence Secretary Sir Gavin Williamson and Lord Hart, have called on Chancellor Rachel Reeves to review the Bank of England’s proposed regulations for systemic stablecoins. Their joint letter warns that the current framework could hinder innovation and push capital offshore, risking the UK’s position as a leader…
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