BoE Says Tokenization Could Lower Costs as UK Advances Stablecoin Rules

Cointelegraph Staff

(04:54 PM UTC)

1 min read

The Bank of England is stepping up its focus on digital money, with Deputy Governor Sarah Breeden highlighting tokenization as a potential way to reduce costs, speed settlement and increase competition.

Speaking at London's City Week on Tuesday, Breeden said tokenization — the representation of assets and money on digital ledgers — could improve the efficiency and functionality of payments and…

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