UK Lawmakers Urge Rethink of Bank of England Stablecoin Rules

[chainsniff]

A cross-party group of UK lawmakers has called on Chancellor Rachel Reeves to intervene over the Bank of England’s proposed stablecoin regulations.

In an open letter, MPs and Lords warned the plans could drive digital asset innovation and capital out of the UK, weakening London’s role as a global financial hub.

[Abdul Khan]

Revisiting these rules could keep the UK competitive in fintech.

[Nahid Hossen]

Balanced regulation helps innovation without increasing risk.