The Bank of England May Ease Stablecoin Regulation

BlockBeats News, May 14th, according to the Financial Times, the Bank of England is preparing to relax its planned restrictions on stablecoins. Previously, the digital asset industry had been exerting continuous pressure, and senior Bank of England officials also stated that the initially proposed measures may have been "too conservative." Sarah Breeden, the Bank of England's Deputy Governor for Financial Stability, stated that as stablecoins are gradually entering the market, the Bank of England is "very seriously studying whether there are other ways to manage the key risks that we perceive."

As a critical infrastructure for cryptocurrency trading, the stablecoin industry faces regulatory disagreement internally. Some regulatory agencies are concerned that it may threaten global financial stability, while others believe that stablecoins are a promising innovation that can make payments cheaper and more efficient.