Bank of England to Create Crypto Regulation Draft
The Bank of England is looking to regulate cryptocurrencies and stablecoins. The invasion of Ukraine and the risk of fast-growing crypto assets are the main reasons for developing these new regulations. Stablecoins should meet expectations before they could be accepted as a means of payment. The Bank of England (BoE), the central bank of the United Kingdom, has reportedly begun developing a new structure that seeks to bring cryptocurrencies and stablecoins into numerous existing regulatory fields. According to a report by Reuters, the two main reason why crypto has become the spotlight of developing new regulations is the ability of
