Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of de-banking on Feb. 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images JPMorgan Chase CEO Jamie Dimon says he doesn’t get the appeal of stablecoins, but he also can’t …
Read More »‘If stablecoins take money…’ Does BoE Governor’s prediction hold weight? AMBCrypto BOE Governor Bailey Warns Banks Against Issuing Own Stablecoins Bloomberg Bank of England boss warns banks against issuing stablecoins amid global scrutiny The Block Andrew Bailey warns banks against issuing their own stablecoins The Times BOE’s Bailey Slams Bank Stablecoins, Clashes With Trump’s Crypto Wave: The Times Yahoo Finance Source link
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Bank of England (BOE) governor Andrew Bailey recently warned against banks issuing stablecoins, saying that the Bank of England should focus on tokenizing deposits instead. Stablecoins introduce systemic risks to banking institutions that could destabilize the entire financial system, causing sovereign governments to lose control over their currencies, the BOE official told The Sunday Times in an interview. He also …
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U.S. lawmakers may actually get a crypto bill to the president’s desk. The House is set to vote on market structure and stablecoin legislation next week, bringing the U.S. a vital step closer to drafting new rules for the industry. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign …
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