UK House of Lords Pushes Bank of England on Stablecoin Rule Delays

TLDR UK lawmakers urged regulators to avoid delays in final stablecoin rules. The report said a GBP stablecoin market could support faster and cheaper payments. The committee backed one-to-one reserve backing for stablecoin issuers. Lawmakers questioned proposed holding limits and unremunerated backing asset rules. The report urged HM Treasury to review risks tied to private [...]

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