In view of the launch of various new discussion papers on a new regulatory framework for stablecoins (please see EventID 23724 and EventID 23817 in this context), the Bank of England has launched a new „explainer website“ on such stablecoins. The website contains various frequently asked questions (FAQs) about stablecoins, including the following – as quoted:
– What is a stablecoin?
– Is Bitcoin a stablecoin?
– How does a stablecoin work?
– Are there stablecoins in the UK today?
– What would the rules on stablecoins be?
– Is a stablecoin the same thing as a CBDC?
– Will there be a CBDC in the UK?
For the answers, please refer to the referenced website.
Other Features
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issuer
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Date Published: 2023-11-06
Regulatory Framework: Digital Finance
Regulatory Type: information
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