UK Lawmakers Warn BoE Stablecoin Rules Risk Driving Capital Into U.S. Dollars

A cross-party group of UK lawmakers is urging the government to rethink the Bank of England’s proposed stablecoin framework, warning that the current approach could undermine innovation and push capital toward dollar-backed digital assets. In a letter addressed to Chancellor Rachel Reeves, the group argues that the draft rules are overly restrictive and risk making […] The post UK Lawmakers Warn BoE Stablecoin Rules Risk Driving Capital Into U. S source: https://www.ethnews.com/uk-lawmakers-warn-boe-stablecoin-rules-risk-driving-capital-into-u-s-dollars/