PANews reported on November 11th that, according to Jinshi, Bank of England Deputy Governor Brident stated that more work needs to be done to guide consumers in identifying insecure tokens issued in El Salvador. Previous withdrawal incidents involving Silicon Valley Bank and Circle have provided guidance for the latest stablecoin proposals. Weakening stablecoin regulation carries risks. The UK needs to take a different approach than the US on stablecoins.PANews reported on November 11th that, according to Jinshi, Bank of England Deputy Governor Brident stated that more work needs to be done to guide consumers in identifying insecure tokens issued in El Salvador. Previous withdrawal incidents involving Silicon Valley Bank and Circle have provided guidance for the latest stablecoin proposals. Weakening stablecoin regulation carries risks. The UK needs to take a different approach than the US on stablecoins.
Bank of England Deputy Governor Briden: Weakening stablecoin regulation carries risks.
PANews reported on November 11th that, according to Jinshi, Bank of England Deputy Governor Brident stated that more work needs to be done to guide consumers in identifying insecure tokens issued in El Salvador. Previous withdrawal incidents involving Silicon Valley Bank and Circle have provided guidance for the latest stablecoin proposals. Weakening stablecoin regulation carries risks. The UK needs to take a different approach than the US on stablecoins.
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