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Bank of England

Governor Andrew Bailey of the Bank of England cautions against adopting stablecoins, contrasting U.S. policies that promote cryptocurrency.

The Bank of England will impose a restriction on banks' cryptocurrency investments, aiming to enhance financial stability starting in 2026.

The UK is set to propose stringent regulations for banks regarding their dealings with cryptocurrency to ensure financial stability.

The G20 has put forth Andrew Bailey as the nominee for chair of the Financial Stability Board, to oversee regulatory frameworks for cryptocurrency.

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