Bank of England's Breeden Urges Closer UK-US Stablecoin Collaboration
From money.usnews.com
Bank of England deputy governor Sarah Breeden said on Wednesday it was "really important" for the U.S. and Britain to be synchronised on regulation of stablecoins. Breeden's comments come less than a week before the BoE launches a consultation on regulating stablecoins – cryptoassets pegged to a fiat currency or other reserve asset – that will soften previous proposals. Breeden confirmed reports that the consultation would be published on November 10. "I've been talking to the Federal Reserve... The regulators over there and our finance ministries are working together," said Breeden at the SALT conference in London.
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