Article
Does The (Old) Lady (Of Threadneedle Street) Protect Too Much? The Bank Of England Recalibrates Its Approach To Systemic Stablecoins, But Concerns Remain
The Bank of England has recalibrated its regulatory approach to systemic stablecoins, softening some controversial proposals on holding limits and asset composition requirements. While the institution demonstrates laudable engagement and offers critical services like central bank accounts, fundamental concerns remain about whether this regime will truly enable a vibrant GBP stablecoin market to emerge.
Travers Smith LLP