UK House of Lords committee calls on Bank of England to reconsider proposed stablecoin restrictions
A U.K. House of Lords committee said the Bank of England (BOE) should reconsider its proposed limits on consumer stablecoin holdings in a new report. The cross-party Financial Services Regulation Committee of the U.K. Parliament’s second chamber also advised reconsideration of requirements for stablecoin issuers to hold at least 40% of backing assets in central...
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