Stablecoin industry opposes Bank of England’s unhosted wallet ban
Burns Brief
The crypto industry in the UK has come out against the Bank of England’s proposed policy that would ban custodial wallets for stablecoins Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The crypto industry in the UK has come out against the Bank of England’s proposed policy that would ban custodial wallets for stablecoins.
Key Takeaways
- The crypto industry in the UK has come out against the Bank of England’s proposed policy that would ban custodial wallets for stablecoins