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BTCC / BTCC Square / Global Cryptocurrency /
Bank of England Governor Clashes With US Over Stablecoin Policy

Bank of England Governor Clashes With US Over Stablecoin Policy

Author:
Global Cryptocurrency
Published:
2025-07-14 13:53:02
12
2
BTCCSquare news:

Bank of England Governor Andrew Bailey issued a stark warning against commercial banks issuing stablecoins, arguing such moves would drain liquidity from traditional banking systems. The position puts the UK's central bank at odds with the TRUMP administration's view of stablecoins as instruments for reinforcing dollar dominance.

The policy divergence highlights growing tensions between Anglo-American regulators on cryptocurrency strategy. Bailey's remarks suggest UK authorities may take a more restrictive approach to stablecoin issuance than their US counterparts, potentially creating regulatory arbitrage opportunities for crypto firms.

|Square

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