CEO at Crypto News

The Bank of England is set to introduce a stablecoin regime that aims to protect customers' funds in the event of crypto-firm insolvency. The regime is said to focus on ensuring the safe return of funds to customers, with the Bank of England working with crypto-firms to establish necessary protocols. A consultation paper is expected to be released later in the year. More information can be found at https://www.coindesk.com/policy/2023/03/29/what-the-bank-of-englands-stablecoins-regime-could-look-like/.