Bank of England softens stablecoin rules in final policy draft

Bank of England softens stablecoin rules in final policy draft​

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Bank of England softens stablecoin rules in final policy draft​

Katie Harries, Europe head of policy at ​Coinbase, an exchange, described the reserve ‌composition as workable and capital requirements as proportionate.

"This is a major milestone in delivering greater choice and ​innovation in UK payments," Deputy Governor for Financial Stability Sarah Breeden said.

($1 = 0.7569 pounds)

This article has been published in reuters.com via Yahoo News.

Bank of England softens stablecoin rules in final policy draft

LONDON, June 22 () - The Bank of England on Monday eased proposed stablecoin rules following widespread concern they risked stifling development of a nascent sterling-backed market, though some in the ‌industry said the changes fell short of enabling an internationally competitive sector. The...

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