Digital Pound: Bank of England Releases Consultation on Stablecoins
The Bank of England has published a consultation on possible regulations for pound-based stablecoins. The consultation proposes that stablecoins would be allowed to hold 60% of backing assets in short-term UK government debt. The balance would be held in unremunerated accounts at the Bank of… Read More
Read more in: Blockchain & Digital Assets, Global, Politics, Legal & Regulation | Tagged bank of england, clear junction, consultation, digital pound, fca, hm treasury, stablecoins