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20.06 - 18:39
Bank of England plans to oversee stablecoin collapses after TerraUSD crash
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The Bank of England plans to oversee collapsing stablecoin companies to guard against future cryptocurrency crises bleeding into the wider economy.
The Treasury announced 31 May that the central bank would step in should the issuer of a stablecoin reach “systemic scale fail”.
The announcement comes days after the implosion of TerraUSD and...
Read more on fnlondon.comAbout this in other media
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