Global crypto rules for banks need reworking, says Basel chair
US and UK refuse to implement requirements for a risk weighting of 1,250 per cent for stablecoins
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Bank of England dilutes planned rules for UK stablecoins
Central bank partly backs down after industry criticism over plan for digital tokens
US banks lobby to block stablecoin interest over fears of deposit flight
Industry groups say new crypto law has a ‘loophole’ that could cost banks trillions of dollars in outflows
Bank of England set to water down stablecoin rules after industry pressure
Deputy governor says initial plans may have been ‘overly conservative’ and central bank ‘looking very hard’ at alternatives
Crypto groups hit out at Bank of England plan to limit stablecoin ownership
Proposals would give UK much stricter rules for market than US or EU
UK must act more swiftly to develop stablecoins
Country risks missing next phase of mainstream adoption now under way
UK banks push for easing of capital rules to counter surge in private credit
HSBC and Barclays executives tell House of Lords committee that they are losing ground to US rivals