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UK Central Bank Eases Stablecoin Rules Following Market Response


UK Central Bank Eases Stablecoin Rules Following Market Response

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The Bank of England has abandoned previously proposed stablecoin rules in its final policy, reversing earlier regulation that industry participants said would constrain the market. The change, made after widespread concern the rules would impede market growth and adoption, should ease regulatory pressure on crypto, stablecoins, DeFi and CEX/DEX activity and support token adoption and liquidity.

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The Bank of England has abandoned previous proposed rules on stablecoins in its final policy and draft rules.

The latest revisions were made in response to widespread concern that the rules would stand in the way of the market’s growth and development.

Read the article at CryptoPotato

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