Bank of England sounds alarm on stablecoin oversight issues
The Bank of England’s Financial Policy Committee (FPC) said in its April 2025 record that while stablecoins continue to grow in scale and relevance, poor oversight and inappropriate asset backing c...
Source: CryptoSlate
The Bank of England’s Financial Policy Committee (FPC) said in its April 2025 record that while stablecoins continue to grow in scale and relevance, poor oversight and inappropriate asset backing could pose new risks to UK financial stability, especially during times of stress. The committee reaffirmed that the BoE and the Financial Conduct Authority (FCA) […]