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via Decrypt · By Decrypt Editorial
Bank of England Treating Stablecoins as 'New Form of Money', Says Exec
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Decrypt Editorial(03:57 PM UTC)
1 min read
In brief
- The U.K.’s central bank is treating stablecoins as “a new form of money” in the debate between tokenized deposits and stablecoins.
- The Bank of England and Financial Conduct Authority are gearing up to accept applications from would-be stablecoin issuers in the U.K.
- The BoE will regulate “systemic” stablecoins that are widely used in payments.
With the Bank of England gearing up to…
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