TechFlow, November 6 — According to Bloomberg, Sarah Breeden, Deputy Governor of the Bank of England, said on November 6 that the UK's new stablecoin regulatory rules will be implemented "as quickly as in the US," addressing industry concerns that the UK might fall behind in establishing a stablecoin regulatory regime. Breeden noted that differences between the UK and the US in setting limits on stablecoin holdings mainly stem from the UK mortgage market's greater reliance on commercial bank lending.
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