Bank of England Signals Softer Approach to Stablecoins Under New Proposals
The Bank of England on Monday proposed that issuers of widely used stablecoins be allowed to invest up to 60 percent of their reserve assets in government debt. Under the draft rules, expected to take effect next year, the central bank maintained plans to cap the amount of stablecoins that individuals and businesses can hold.
https://hackernoon.com/bank-of-england-s...source=rss
The Bank of England on Monday proposed that issuers of widely used stablecoins be allowed to invest up to 60 percent of their reserve assets in government debt. Under the draft rules, expected to take effect next year, the central bank maintained plans to cap the amount of stablecoins that individuals and businesses can hold.
https://hackernoon.com/bank-of-england-s...source=rss
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