Bank of England May Consider Revising Stablecoin Regulations: Report

The Deputy Governor of the Bank of England, Sarah Breeden, has reportedly said she has been disappointed by the lack of constructive engagement on the bank’s proposed rules to regulate stablecoins pegged to the British pound. She said that the institution has been “genuinely open” to changing its proposals. Recall that the proposed regulatory regimen planned to ensure that sterling-denominated stabl…