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The UK’s top bank says it will roll out stablecoin rules “just as quickly as the US” amid concerns that it's lagging behind global allies. Bank of England Deputy Governor Sarah Breeden expects the government to keep pace with the US in stablecoin regulation, stating that it is “really important” for the allies to be synchronized on rules governing the $310 billion industry. Speaking at the SALT conference in London on Wednesday, Breeden reportedly said the UK will implement a stablecoin regulatory framework “just as quickly as the US” — rebuffing fears that it is falling behind, particularly after the US passed the landmark GENIUS Act in July. Breeden confirmed that UK regulators are speaking with US authorities as the Bank of England prepares to publish its stablecoin consultation paper on Nov. 10. Read more

OCC’s Jonathan Gould has said stablecoin risks have been overstated, adding a threat to bank deposits and a run would not happen overnight. Banking groups have urged Congress on GENIUS Act yield issues as supply has grown past $300B and EU/UK regulators have set temporary limits. The post Top U.S. Regulator Dismisses Stablecoin ‘Bank Run’ Threat as Market Soars Past $300B appeared first on Cryptonews.

Top banks including Bank of American, Goldman Sachs, and Citi are exploring issuing a stablecoin, according to a Friday announcement.

The Bank of France’s governor called for crypto oversight to be given to the European Securities and Markets Authority, and for tightening MiCA’s rules on stablecoin issuance. The Bank of France called on the EU to give its markets regulator direct supervision over major crypto firms, warning that fragmented oversight could threaten the bloc’s financial sovereignty. Speaking at the ACPR-AMF Fintech Forum in Paris on Thursday, Bank of France Governor François Villeroy de Galhau said the European Securities and Markets Authority (ESMA) should be given the mandate to directly oversee crypto-asset issuers under the EU's Markets in Crypto-Assets (MiCA) framework.  “I also advocate, along with the president of the AMF, for European supervision of crypto-asset issuers, carried out by ESMA,” he said, adding that it may guarantee the consistent application of rules and reduce risks.  Read more

ChatGPT's XRP Analysis has reported XRP at $2.9543 (+3.78%), trading above the 20/50/100/200-day EMAs with neutral RSI and improving MACD. Volume has increased during Japan’s SBI lending update and leadership changes, while October ETF decisions have created a near-term catalyst window. The post ChatGPT’s XRP Analysis Reveals $2.95 Surge as Bank of Japan Launches XRP Lending Program – Is $4 Possible? appeared first on Cryptonews.

Andrew Bailey has set out a path for stablecoins to access central bank accounts while Bank of England work has progressed; the governor has stressed risk-free backing, insurance schemes, and direct redemption to maintain money–credit links. The post Bank of England Governor Says Stablecoins Could Reduce UK Reliance on Commercial Banks – Could It? appeared first on Cryptonews.

Bank of England Governor Andrew Bailey said stablecoins could thrive in a system that separates money from credit, reducing the UK’s reliance on commercial banks. Bank of England (BoE) Governor Andrew Bailey suggested that stablecoins could reduce the United Kingdom’s reliance on commercial banks, signaling a potential shift in the central bank’s stance toward digital assets. In a Wednesday article in the Financial Times, Bailey said that the current financial system combines money and credit creation through fractional reserve banking, in which banks hold a portion of deposits while lending out the rest. Fractional reserve banking is a system in which banks hold only a fraction of customer deposits in reserve and lend out the rest, thereby creating new money through credit expansion. “Most of the assets backing commercial bank money are not risk-free: they are loans to individuals and to companies,” Bailey wrote in the FT. “The system does not have to be organised like this.“ Read more

The Bank of Italy's vice director warned that multi-issuance stablecoins pose risks to EU financial stability and should be restricted to equivalent regulatory jurisdictions. A senior Bank of Italy official warned that stablecoins issued by multiple entities across different countries pose significant risks to the European Union’s financial system unless they are strictly limited to jurisdictions with equivalent regulatory standards. Speaking at the Economics of Payments Conference in Rome on Thursday, Chiara Scotti, vice director of the Bank of Italy, said multi-issuance stablecoins — digital tokens issued in several countries under a single brand — may increase liquidity but also bring “considerable legal, operational, liquidity and financial stability risks” if at least one issuer is outside the EU. “Although this architecture could enhance global liquidity and scalability, it poses significant legal, operational, liquidity and financial stability risks at EU level, particularly if at least one issuer is l...

Ron Morrow, head of payments at Canada’s central bank, called on regulators to pass a framework for stablecoins or be left behind. Canada’s central bank is calling for the country to establish a stablecoin regulatory framework to modernize the payment system and avoid falling behind other countries that are moving forward with such policies. “Even if you’re on the right track, you’ll get run over if you sit there,” Ron Morrow, the executive director of payments, supervision and oversight at the Bank of Canada, said in a speech Thursday at the Chartered Professional Accountants conference in Ottawa, Canada, a transcript of which was published on the central bank’s website. Morrow called on federal and provincial regulators to create a policy framework for stablecoins. “At the end of the day, for stablecoins to be seen as money, they need to be as safe and stable as the balance in your bank account,” Morrow said, adding: Read more

UK crypto and payments groups urged the Bank of England to drop plans to cap individual stablecoin holdings, claiming the move would be costly and hard to enforce. United Kingdom-based cryptocurrency industry advocacy groups called on the Bank of England not to proceed with plans to limit individual stablecoin holdings. In a November 2023 discussion paper, the bank floated setting individual caps on digital pounds between 10,000 British pounds ($13,558) and 20,000 pounds and asked for feedback on a possible lower limit of 5,000 pounds. According to a Monday Financial Times report, industry groups criticized the plan, saying it would be difficult and expensive to implement and could leave the UK lagging behind other jurisdictions. Read more

BOCHK's potential entry is significant because it represents a major, state-backed financial institution embracing a field once dominated by crypto-native firms. The post Bank of China Stock Surges 6.7% on Shock Stablecoin Issuer License News — Is a Digital Yuan Rival Coming? appeared first on Cryptonews.

Reports that Bank of China Hong Kong plans to apply for a local stablecoin license have fueled speculation and a surge in share prices.

On July 15, 2025, the Bank of Japan (BOJ) quietly announced that it would begin supplying U.S. dollar funds against pooled collateral, starting on July 17, a move that might seem like standard liquidity management. However, according to macro analyst EndGame Macro, this technical maneuver may signal the beginning of a far deeper shift, hinting […] The post Bank of Japan’s quiet dollar liquidity move: warning sign or just the beginning? appeared first on CryptoSlate.

Bank of America is holding back on stablecoins, with CEO Brian Moynihan citing regulatory uncertainty and limited customer demand.

Bank of England governor Andrew Bailey joins a growing list of European officials concerned with the rise of stablecoins. Bank of England (BOE) governor Andrew Bailey recently warned against banks issuing stablecoins, saying that the Bank of England should focus on tokenizing deposits instead. Stablecoins introduce systemic risks to banking institutions that could destabilize the entire financial system, causing sovereign governments to lose control over their currencies, the BOE official told The Sunday Times in an interview.  He also added that the United Kingdom’s central bank should not adopt a central bank digital currency (CBDC) or otherwise seek to launch a centrally-managed digital fiat token. Read more

Bank of America has officially crowned Bitcoin as the best-performing currency of 2025 with an impressive 18.2% year-to-date gain, as the $1.6 trillion banking giant's endorsement arrives amid Bitcoin surging past $118,856 and US-based ETFs recording over $1 billion in daily inflows. The post Bitcoin Price Prediction: Bank of America Names BTC Best Currency – Is Institutional Accumulation Accelerating? appeared first on Cryptonews.

The Bank of Korea, South Korea’s central bank, is still lukewarm on proposals to launch a won stablecoin despite a recent meeting with the USD Coin (USDC) issuer Circle. The post Bank of Korea Still Skeptical About Won Stablecoin Issuance Despite Circle Meeting appeared first on Cryptonews.

Bank of America CEO Brian Moynihan confirmed the lender plans to issue a dollar-pegged stablecoin and is working on an internal build conducted alongside other industry participants, Reuters reported on June 11. However, Moynihan added that any progress in a potential launch would be contingent on forthcoming federal rules. He also told investors the bank […] The post Bank of America eyes dollar-pegged stablecoin amid Senate fast-tracking GENIUS Act appeared first on CryptoSlate.

MiCA has had a limited impact on the adoption of compliant stablecoins in Europe, strengthening the need for the digital euro, Bank of Italy Governor Fabio Panetta said. Former European Central Bank (ECB) official and Governor of the Bank of Italy, Fabio Panetta, touted the digital euro as a key tool for controlling the risks of increasing cryptocurrency adoption. The Bank of Italy, on May 30, released an annual report with the governor’s concluding remarks on the state of the economy. Panetta said the European Union must move forward with the central bank digital currency (CBDC) project to maintain financial stability and meet demand for secure digital payments. “We would be remiss to think that the evolution of crypto-assets can be controlled only through rules and restrictions,” Panetta said, warning that crypto regulation alone cannot address the systemic risks posed by crypto, and that the digital euro would be key to addressing them. Read more

Bank of Korea’s deputy governor warned the rising stablecoin use could undermine monetary sovereignty and financial stability.