Stablecoins to face same safeguards
Stablecoins would have to comply with the same safeguards. This is because their more traditional competitors in payments under proposals from regulators, as authorities get to grips with a rapidly evolving sector. Stablecoins are cryptocurrencies, that are designed to have a stable value relative to traditional currencies. This is to avoid the volatility that makes bitcoin and […]
BoE says stablecoin payments need same rules as banks
The Bank of England said that payments with ‘stablecoins’, which is a form of cryptocurrency usually pegged to a traditional currency, should be regulated in the same way as payments handled by banks if they start to become widely used. The central bank also said that it had made no decision about whether to issue […]