Systemic stablecoins may not need ‘bank-style’ resolution – BoE
Non-bank stablecoins set for “tailored” regulatory regime under plans by UK policy-makers
Systemically important stablecoins are likely to be regulated under a “tailored” regulatory regime, where they are issued by non-banks, the Bank of England says.
The BoE and UK Treasury are currently developing a regulatory regime for non-banks, including stablecoins. The tokenised assets have similarities to some other non-banks, such as money market funds.
Following its meeting on March 24, the BoE’s financial policy committee (FPC) said a stablecoin might not necessarily need a “bank-style”
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