Bank of England open to revising stablecoin rules, Breeden says

Bank of England Deputy Governor Sarah Breeden said on Wednesday the central bank is “genuinely open to other ways” of regulating systemic stablecoins. She expressed disappointment about the lack of constructive industry engagement concerning the proposed rules.

Breeden’s comments were made during a public statement in which she addressed industry involvement. The Bank of England’s position reflects an openness to different regulatory approaches. However, Breeden emphasized the importance of collaboration with market participants.