Bank of England Deputy Governor: Weakening Stablecoin Regulation Poses Risks

According to Jinshi reports, Bank of England Deputy Governor Briden stated that we need to do more work to guide consumers in identifying the unsafe tokens issued by El Salvador. Previous events involving Silicon Valley Bank and Circle withdrawals have provided guidance for the latest stablecoin proposals. Weakening stablecoin regulation poses risks. The UK needs to take a different approach to stablecoin issues compared to the United States.