Stablecoins not that radical, says Bank of England official
There has been much commotion about stablecoins among central bankers, regulators and lawmakers in recent years, most notably in the furor surrounding Facebook’s repeated attempts to launch variously designed stablecoins that would be native to its multiple social media platforms.
Not everyone in the financial world is that perturbed though. A new speech for the Westminster eForum Policy Conference by Christina Segal-Knowles, executive director of the Bank of England’s Financial Market Infrastructure Directorate, is titled “What’s Old is New Again” and aims to tone down some of the excitement and agitation surrounding the issue.
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