Bank of England to align stablecoin regulations with US

The Bank of England plans to coordinate its stablecoin regulations with the United States to achieve synchronized oversight of digital assets. Deputy Governor Sarah Breeden stressed the importance of harmonizing the regulatory approaches between the UK and the US to support global stability. This coordination aims to address industry concerns regarding potential delays in establishing a competitive stablecoin regime in the UK compared to other global jurisdictions. The regulatory focus is on digital assets that maintain price stability through various backing mechanisms, and proposed UK measures may include holding restrictions for stablecoins.

(Source：Crypto Briefing)