Andrew Bailey cautions banks against issuing their own stablecoins

By Simon Hunt

Andrew Bailey cautions banks against issuing their own stablecoins

The governor of the Bank of England has cautioned against banks issuing their own stablecoins in marked contrast to a more bullish attitude to the technology in the US. Andrew Bailey said the moves by banks to launch their own stablecoins, a kind of cryptocurrency backed by assets such as the dollar, did not offer […]

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