FSB

2026-07-06 10:13:13

Bank of England Governor Warns Stablecoin Oversight May Become Flashpoint with US

BoE's Andrew Bailey warns that differing stablecoin regulations between the UK and US could escalate into a diplomatic standoff. The US GENIUS Act promotes stablecoin adoption, but the UK proposes strict limits (e.g., £20k per person) and 40% non-interest reserves, citing systemic risks. The $317B market faces regulatory divergence.

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Bank of England Governor Warns Stablecoin Oversight May Become Flashpoint with US