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\n\t\t\t\t\t\t\t\t\tThe Deputy Governor of the Bank of England said that the institution remains open to reviewing the proposed rules for pound-denominated stablecoins. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
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\u2019s proposed rules to regulate stablecoins pegged to the British pound.<\/p>\n
She said<\/a> that the institution has been \u201cgenuinely open\u201d to changing its proposals.<\/p>\n Recall that the proposed regulatory regimen planned to ensure that sterling-denominated stablecoins remain safe and redeemable at face value. The rules also required issuers to be thoroughly supervised by the Bank of England if they were to be designated as systemic by the Treasury, and they must 100% back their coins with high-quality assets.<\/p>\n Some of the key rules include:<\/p>\n \u00a0<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n\n
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