LONDON, Nov 5 (Reuters) – The Bank of England deputy governor Sarah Breeden on Wednesday said it was ‘really important’ that the US and the UK are synchronised on stablecoin regulation.Breeden’s comments come less than a week before the central bank will launch a consultation on regulating stablecoins – cryptoassets pegged to fiat currency – that will soften previous proposals. Breeden confirmed reports that the consultation will be published on Nov. 10.
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“I’ve been talking to the Federal Reserve…the regulators over there and our finance ministries are working together,” said Breeden at the SALT conference in London.US and U.K. governments announced in September a task force aimed at boosting collaboration on digital assets and capital markets.
Reporting by Phoebe Seers and Nell Mackenzie
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