LONDON (Reuters) -The Bank of England said on Monday that issuers of systemic stablecoins would be able to invest up to 60% of the assets backing the digital currencies in short-term government debt, as part of a set of proposals it detailed for regulating the sector. (Reporting by Phoebe Seers; Editing by Tommy Reggiori Wilkes)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

The post Bank of England proposes new rules for stablecoins appeared first on The Sunday Guardian.

See Full Page