UK must act more swiftly to develop stablecoins
Country risks missing next phase of mainstream adoption now under way
Related reading
The dangers of stablecoins
They are no substitute for money, even if usage is growing fast
Bank of England dilutes planned rules for UK stablecoins
Central bank partly backs down after industry criticism over plan for digital tokens
Why the world should worry about stablecoins
Dollar-based digital currencies offer benefits for the US, but Britain and the EU are better off resisting them
The stablecoin stumbling block
The crypto tokens are not yet safe enough to be used at scale in the settlement of large, wholesale financial transactions
The stablecoin loophole that could expose the EU
A regulatory framework must be established for tokens issued both inside and outside the bloc
The euro’s urgent need
Europe must finally grasp the opportunity to develop the single currency as a reserve asset