UK warns against delaying stablecoin rule, suppressing innovation

House of Lords tell Bank of England: loosen stablecoin rules or lose the race

With the US and EU both pushing ahead on stablecoin frameworks, peers warn that Bank of England caution could cost the UK its chance to anchor a competitive sterling-backed market A cross-party House of Lords committee has called on the Bank of England to ease its proposed stablecoin rules, warning that overly conservative requirements could stifle a nascent sterling-backed market before it gets started. The Financial Services Regulation Committ…

UK warns against delaying stablecoin rule, suppressing innovation

The U.K.'s House of Lords urges the Bank of England to support stablecoins and proposes a flexible regulatory approach ahead of new digital asset rules. The post UK warns against delaying stablecoin rule, suppressing innovation appeared first on CoinGeek.