Bank of England Deputy Governor: UK Stablecoin Regulatory Framework Will Progress in Sync with the US

According to ChainCatcher, citing Bloomberg, Bank of England Deputy Governor Sarah Breeden stated that the UK's new stablecoin regulatory rules will be implemented "as quickly as in the United States" in response to industry concerns that the UK may be falling behind in establishing a stablecoin regulatory framework.

Breeden pointed out that there are differences between the UK and the US in setting restrictions on stablecoin holdings, mainly because the UK mortgage market relies more heavily on commercial bank loans.