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Bank Of England Calms Crypto Market Fears, Says Stablecoin Limits Are "Temporary"
The Bank of England moved to calm industry concerns this week, emphasizing that proposed limits on stablecoin holdings and transaction sizes are only temporary. The central bank aims to give the financial system time to adjust while allowing stablecoins to play a role in the UK’s multi-currency payments system. In a speech at DC Fintech Week, Deputy Governor Sarah Breeden said the central bank’s measures are designed to ensure stability rather than restrict innovation. “The limits allow the structure of real-economy financing to adjust and enable us to monitor adoption of stablecoins,” she explained, noting ... (full story)
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From finance.yahoo.com | Oct 16, 2025
Speaking at DC Fintech Week on Thursday, Federal Reserve Gov. Michael Barr said he had some concerns about stablecoins and their effect on broader financial stability. While he acknowledged the benefits of innovation in payments that the fiat-backed crypto coins offer, he said the creation of private money presents unique risks. "Looking at the long history ...
From cointelegraph.com | Oct 16, 2025
Standard Chartered, a major global banking group, is deepening ties with cryptocurrency exchange OKX, becoming its institutional custodian in the European Economic Area (EEA). Standard Chartered and OKX launched a collateral mirroring program in the EEA, allowing local institutional clients to keep their crypto directly in Standard Chartered’s custody, OKX ...
Complete with an array of central bankers and finance ministers from various countries, the annual meetings of the IMF and World Bank will unfold this week in Washington. They will issue sober but diplomatically worded advice to the titans of global capitalism on the travails of their system. However, even as these two institutions, which date back to the ...
