Bank of England Chief Flags ‘Coming Wrestle’ With US on Stablecoin Oversight – Decrypt
In brief Bank of England Governor Andrew Bailey warned that U.S. dollar tokens could flood Britain in a crisis. The GENIUS Act lets issuers redeem through exchanges, while the UK regime requires direct 1:1 redemption. The divide will be settled by markets and national rules, not global coordination, Decrypt was told. Bank of England Governor...
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