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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
In 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…
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