BoE Deputy Governor Warns of Financial Risks from Relaxed Stablecoin Rules

The Bank of England (BoE) has issued a critical warning about the potential consequences of easing stablecoin regulations, highlighting the risks they pose to financial stability. Deputy Governor Sarah Breeden emphasized that these digital assets introduce significant challenges that need careful management. The BoE is advocating for stricter rules regarding stablecoins due to their direct impact on traditional financial systems, particularly during potential crises.