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Bank of England set to ease sterling stablecoin rules amid industry concerns: FT

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The Block Editorial
(10:10 AM UTC)
1 min read
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Reviewed byDavid Kim
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The Bank of England is set to ease its proposed restrictions on sterling stablecoins, with its deputy governor saying the draft framework may have been "overly conservative" amid growing competition from the U.S., according to the Financial Times.

BoE Deputy Governor Sarah Breeden told the FT on Thursday that the central bank is "looking very hard" at alternatives to its proposed approach for…

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