-
Bank of England's Breeden says diluting stablecoin rules further could damage financial system
Bank of England Deputy Governor Sarah Breeden on Tuesday warned that further diluting rules for stablecoins risked endangering financial stability and causing a credit crunch, and said that the UK needed a different approach to the United States. The Bank of England on Monday set out a raft of new rules for systemic stablecoins - digital tokens designed to keep a constant value - used for payments. It marked a softening of its earlier approach, but the crypto industry said did not go far enough and could inhibit the growth of stablecoins in Britain. Those rules include limiting stablecoin holdings to 20,000 pounds ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From channelnewsasia.com | Nov 10, 2025
Brazil's central bank on Monday released long-awaited rules for trading virtual assets, including cryptocurrencies, that will extend existing rules against money laundering and terrorism financing to virtual-asset service providers. Latin America's largest economy approved a legal framework for cryptocurrencies in 2022, but its rollout hinged on ...
The weekly data from ADP is turning into a market mover. The initial report showed a healthy +14,250 jobs but skip ahead two weeks and it's now showing a drop of 11,250K per week on average for the past four weeks. That should translate into a poor reading, though ADP itself reported +42K jobs in October. I'm not sure how to square that but today's ADP ...
Bank of England’s Breeden: Holding limits for Stablecoins will halve the stress on banks from customer deposit withdrawals. BoE Breeden: There is more work to do to guide consumers on El Salvador-issued coins that are not safe. BoE's Breeden: Previous Silicon Valley Bank and Circle withdrawals guided the latest Stablecoin proposals. BoE's Breeden: The UK needs a different approach to the US on stablecoins. BoE Breeden: New Stablecoin rules grounded in past stress events.
