UK Central Bank Plans to Relax Stablecoin Restrictions

The Bank of England will reportedly relax its restrictions on stablecoins following pushback from cryptocurrency companies. This move comes after one of the central bank’s top officials said its earlier proposals might have been “overly conservative,” the Financial Times (FT) reported Thursday (May 14). Sarah Breeden , the bank’s deputy governor for financial stability, said in an interview with the FT that it was “looking very hard at whether there are different ways we can manage what we think