Bank of England's Breeden says diluting stablecoin rules further could damage financial system

By Phoebe Seers and Tommy Reggiori Wilkes LONDON (Reuters) -Bank of England Deputy Governor Sarah Breeden on Tuesday warned that further diluting rules for stablecoins risked endangering financial stability and causing ​a credit crunch, and said that the UK needed a different approach to the United States. The Bank of ‌England on Monday set out a raft of new rules for systemic stablecoins - digital tokens designed to keep a constant value - ‌used for payments. It marked a softening of its earlier approac ...