Posted inCryptocurrency and Digital Assets

Bank of England changes stance on stablecoins after cumbersome compliance complaints

The Bank of England has revealed that it is reconsidering two of the more contentious aspects of its proposed stablecoin framework after pressure from many in the crypto asset sector. Crypto companies have complained that the proposed regulations would be too restrictive and would hold back the industry in the U.K. in comparison with other global financial markets.

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