UK Central Bank Urges Consumer Awareness on El Salvador's Token Risks

According to PANews, the Bank of England's Deputy Governor, Briden, emphasized the need for further efforts to help consumers identify the risks associated with tokens issued by El Salvador. Previous incidents involving Silicon Valley Bank and Circle withdrawals have informed the latest stablecoin proposals. There is a risk in weakening stablecoin regulations, and the UK must adopt a different approach from the United States regarding stablecoin issues. source: https://www.binance.com/en/square/post/32248744380809?utm_source=BinanceNewsRSS