Bank of England Governor Warns: Stablecoins Threaten Public Trust in Money
2025/07/03 22:01
PANews reported on July 3 that according to Bloomberg, Bank of England Governor Andrew Bailey warned that the rise of stablecoins could undermine public trust in currency as experts warned of the threat posed by the large-scale application of cryptocurrencies backed by the US dollar.
In a speech published on Thursday, Bailey said central banks needed to "keep a close eye" on innovations in payments to prevent them from introducing new vulnerabilities into the monetary system.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Two major Russian insurance companies launch investment-based life insurance linked to Bitcoin
PANews reported on July 4 that according to Cyptoslate, citing local media reports, two large Russian insurance companies, Renaissance Life and BCS Life Insurance, have launched investment-based life insurance policies
Share
PANews2025/07/04 07:57
Dow Jones jumps 300 points, S&P 500 hits record high
U.S. stocks continued to show strength on Friday as the S&P 500 notched a new record high and the Dow opened higher following the latest inflation data. The S&P 500 rose 0.3% at the open, surpassing its previous all-time high,…
Share
Crypto.news2025/06/27 22:05
US media: Trump is ready to impose a general tariff of 15% or 20%, refuting inflation concerns
PANews reported on July 11 that according to Jinshi, Trump said in an interview with NBC on Thursday that he plans to impose blanket tariffs of 15% or 20% on
Share
PANews2025/07/11 08:50