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via Decrypt · By Decrypt Editorial
Bank of England Softens ‘Overly Conservative’ Stablecoin Plans Amid Industry Pressure
DE
Decrypt Editorial(01:10 PM UTC)
1 min read
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0 commentsIn brief
- The Bank of England is reportedly reconsidering parts of its stablecoin plan.
- A 40% reserve floor could cost issuers £11.2 million per £1 billion in circulation.
- Observers say the bank’s shift could point to a move toward a more workable regime.
The Bank of England is reconsidering key parts of its proposed stablecoin rules, softening its push after industry pushback over planned limits…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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