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TechFlow news, January 15 — According to Bloomberg, Dave Ramsden, Deputy Governor of the Bank of England, said that the UK may need to protect stablecoin deposits similarly to how bank savings are safeguarded. On Wednesday, Ramsden noted that the central bank is considering how to maintain public trust in money should a systemically important stablecoin fail.
According to Bloomberg, Dave Ramsden, Deputy Governor of the Bank of England, said the UK may need to protect stablecoin deposits similarly to how bank savings are safeguarded. On Wednesday, Ramsden noted that the central bank is considering how to maintain public trust in money should a systemically important stablecoin fail.
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