Bank of England Proposes Exemptions to Stablecoin Framework, Aligning with Competitive Objectives
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The Bank of England is refining its proposed regulatory framework for stablecoins to include exemptions for specific corporate entities.
According to a Bloomberg report, the central bank will permit waivers for firms such as crypto exchanges that require substantial stablecoin holdings for operational liquidity.
This regulatory adjustment, which also designates stablecoins as a permissible settlement asset within the Digital Securities Sandbox, signals a strategic pivot as the UK seeks to establish a competitive digital asset market amidst global regulatory developments, including new US legislation.
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