Bank of England ready to water down 'overly conservative' stablecoin proposals: FT

CoinDesk Staff

(11:53 AM UTC)

1 min read

Restrictions proposed by the BOE prompted criticism from the crypto industry, which said they risked preventing the U.K. from being competitive in the digital economy.

The Bank of England (BOE) is set to ease proposed restrictions on stablecoin holdings following pressure from digital asset industry participants, the Financial Times (FT) reported on Thursday.

Sarah Breeden, deputy governor for…

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