Bank of England Governor Warns UK Against Stablecoin Adoption

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Andrew Bailey, Governor of the Bank of England and Chair of the Financial Stability Board, has issued a statement, warning banks against issuing their own stablecoins. In a recent interview, Bailey expressed concerns related to the risks of financial stability in digital currency.

Bank of England Warning Against Stablecoins 

Andrew Bailey’s comments addressed all the central bankers in the world who have called for stablecoin regulation. He expressed concerns that stablecoins could destabilize the financial system and undermine sovereign…



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Bank of England Governor Warns UK Against Stablecoin Adoption


Andrew Bailey, Governor of the Bank of England and Chair of the Financial Stability Board, has issued a statement, warning banks against issuing their own stablecoins. In a recent interview, Bailey expressed concerns related to the risks of financial stability in digital currency.

Bank of England Warning Against Stablecoins 

Andrew Bailey’s comments addressed all the central bankers in the world who have called for stablecoin regulation. He expressed concerns that stablecoins could destabilize the financial system and undermine sovereign…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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