Sarah Breeden, deputy governor of the Bank of England, said that the British government is expected to keep pace with the United States in the field of stablecoin regulation, noting that it is "crucial" for the two allies to achieve synergies on the regulation of the $310 billion industry.
Speaking at the SALT conference in London on Wednesday, Mr. Britten is understood to have said that the UK would move "as quickly as the US" to implement a regulatory framework for stablecoins - a statement that dispelled concerns that the UK was lagging behind in the space, especially after the landmark GENIUS legislation was passed in July.
The comments add to the momentum of cooperation that followed a meeting between UK Chancellor of the Exchequer Rachel Reeves and US Treasury Secretary Scott Bessent in September, at which the two countries agreed to strengthen coordination on cryptocurrency and stablecoin-related activities.
The meeting comes against the backdrop of a number of UK cryptocurrency advocacy groups that have previously called on the UK government to adopt a more open approach to the crypto industry, claiming that the country's current policy stance has left the country lagging behind in terms of industry innovation and regulatory policies.
The Bank of England has pledged to keep pace with the United States on stablecoin regulation
2025-11-05 23:45:57
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