Sarah Breeden
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Bank of England faces calls from UK lawmakers to ease stablecoin plans LONDON, June 3 : British lawmakers urged the Bank of England on Wednesday to soften planned rules on stablecoins, warning that overly strict requirements could hinder the development of a nascent sterling-backed market. A cross-party House of Lords committee said the central bank should reconsider proposals to cap the amount of stablecoins held by individuals and businesses and require issuers to back tokens with...