According to PANews, Deputy Governor of the Bank of England Briden emphasized the need to strengthen efforts to help consumers recognize the risks associated with tokens issued by El Salvador. He stated that previous incidents such as the withdrawal crisis at Silicon Valley Bank and Circle's liquidity issues have significantly impacted the latest policy discussions on stablecoins.
Briden warns that loosening regulations on stablecoins could make the financial system vulnerable, especially as the global market remains sensitive to cryptocurrency fluctuations. He suggests that the United Kingdom should adopt a cautious and differentiated approach from the United States, focusing on consumer protection, financial transparency, and long-term stability.
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