May 7
Bank of England engages on digital assets, stablecoins, and digital pound - Cryptopolitan
➤ The Bank of England is considering easing its proposed stablecoin framework due to industry criticism, aiming to balance innovation with financial stability. ➤ Key concerns include reserve requirements that could impact issuer profitability and restrictions on unhosted wallets, which critics argue are overly restrictive and potentially unenforceable. ➤ The UK's approach to stablecoin regulation is being closely watched as other jurisdictions like the US and EU move faster, potentially impacting the UK's competitiveness in the digital asset space.