Global #stablecoin regulations

The Bank of England has updated its stablecoin regulations, allowing systemically important stablecoin issuers to hold a portion of their reserves in interest-earning assets.

According to Dante Disparte, Chief Strategy Officer and Head of Global Policy at stablecoin issuer Circle, the United Kingdom is poised to introduce formal regulations for stablecoins in the coming months.

The South Korean government is set to introduce stringent regulations on dollar-pegged stablecoins, emphasizing the importance of cross-border transactions in the evolving digital asset landscape.