UK Calls for Distinct Approach to Stablecoin Regulation Amid Risks

According to Odaily, the Deputy Governor of the Bank of England, Briden, has emphasized the necessity for the UK to adopt a different approach from the United States regarding stablecoin regulation. He warned that weakening regulatory measures for stablecoins poses significant risks. Recent events, such as the withdrawals from Silicon Valley Bank and Circle, have informed the latest stablecoin proposals. However, further efforts are required to help consumers identify unsafe tokens issued by El Salvador.