Bank of England
Bank of England Confirms Plans for 'Temporary' Stablecoin Holding Limits
The U.K.'s central bank said on Monday it is proposing "temporary" limits of 20,000 pounds ($26,300) per coin for individuals and 10 million pounds for businesses.
UK Stablecoin Rules Will Be in Place 'as Quickly as the U.S.,' BOE Says: Bloomberg
BOE Deputy Governor Sarah Breeden tied the need to impose caps on stablecoin holdings to the U.K.'s mortgage market, which relies on commercial bank lending.
Bank of England Plans Exemptions to Stablecoin Limits: Bloomberg
The BoE will grant waivers to some businesses like crypto exchanges that need to hold large amounts of the tokens.
Bank of England’s Proposed Stablecoin Ownership Limits Are Unworkable, Say Crypto Groups: Report
Industry leaders told the Financial Times the plan would be hard to enforce, risk driving business abroad and mark the U.K. as tougher than the U.S. or the EU.
BOE's Bailey Slams Bank Stablecoins, Clashes With Trump’s Crypto Wave: The Times
Bank of England Governor Andrew Bailey urged caution as the U.S. pushes pro-crypto policies, highlighting risks to financial stability and the nature of money.
BoE's Andrew Bailey Nominated to Lead G20-Crypto Supervisor FSB
The G20 tasked the FSB with coordinating the delivery of a regulatory framework for crypto-assets.
Polymarket Whales Favor Trump in 2024 Election; U.S. Government Moves $2B of 'Silk Road' Bitcoin
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Polymarket whales are putting their bags on Donald Trump winning the upcoming election. Plus, BTC price falls after the U.S. government moves $2 billion worth of seized bitcoin and the Bank of England said it plans to carry out a series of CBDC and digital ledger experiments.
Key Interest Rate Decisions Coming This Week From Fed, BOJ, BOE
The Fed is expected to hold policy steady but indicate a soon-to-come rate cut, while the Bank of England is seen as about a 50/50 bet to ease and the Bank of Japan is likely to either hike rates or signal an imminent move.
Bank of England to Carry Out CBDC, Digital Ledger Experiments
In a new discussion paper, the U.K. central bank also said it wants to ensure stablecoins are interchangeable with the pound.
UK Regulators Publish Draft Guidance on Digital Securities Sandbox Open to DLT
The DSS will last five years and could lead to a new regulatory regime for securities settlement.
