The post BOE Says UK Stablecoin Rules Will Be in Place ‘as Quickly as the U.S.:’ Bloomberg appeared on BitcoinEthereumNews.com. A deputy governor of the Bank of England (BOE) played down concerns the U.K. is slipping behind other jurisdictions in introducing regulatory regimes for stablecoins, saying the rules will be in effect “just as quickly as the U.S.,” Bloomberg reported on Wednesday. “Our aim is to make sure that our regime is up and running, just as quickly as the U.S.,” Sarah Breeden, the deputy governor for financial stability, said at a conference on Wednesday, according to the report. The U.K. central bank is set to reveal its proposed stablecoin regulations on Nov. 10, with expectations that it will impose limits on holdings of 20,000 pounds ($26,000) on individuals and 10 million pounds on businesses. The BOE drew the ire of many in the crypto industry when it was reported the central bank planned to limit the amount of stablecoins that individuals and businesses could own. Breeden described these plans as “less of an issue in practice than people might think.” She pointed to differences in the U.K. mortgage market compared with the U.S., where the GENIUS Act was signed into law by President Trump in July, as a reason for a limit on stablecoin holdings being necessary. “People in the U.S. get their mortgages from Fannie and Freddie, and they’re funded in financial markets,” Breeden said, referring to the Federal National Mortgage Association (known as Fannie Mae) and Federal Home Loan Mortgage Corp. (Freddie Mac). “People in the U.K. get their mortgages from commercial banks and so that need for limits as we transition to a world of stablecoins is one that is less pertinent to the U.S. regime.” The BOE did not respond to CoinDesk’s request for further comment. Source: https://www.coindesk.com/policy/2025/11/06/uk-stablecoin-rules-will-be-in-place-as-quickly-as-the-u-s-boe-says-bloombergThe post BOE Says UK Stablecoin Rules Will Be in Place ‘as Quickly as the U.S.:’ Bloomberg appeared on BitcoinEthereumNews.com. A deputy governor of the Bank of England (BOE) played down concerns the U.K. is slipping behind other jurisdictions in introducing regulatory regimes for stablecoins, saying the rules will be in effect “just as quickly as the U.S.,” Bloomberg reported on Wednesday. “Our aim is to make sure that our regime is up and running, just as quickly as the U.S.,” Sarah Breeden, the deputy governor for financial stability, said at a conference on Wednesday, according to the report. The U.K. central bank is set to reveal its proposed stablecoin regulations on Nov. 10, with expectations that it will impose limits on holdings of 20,000 pounds ($26,000) on individuals and 10 million pounds on businesses. The BOE drew the ire of many in the crypto industry when it was reported the central bank planned to limit the amount of stablecoins that individuals and businesses could own. Breeden described these plans as “less of an issue in practice than people might think.” She pointed to differences in the U.K. mortgage market compared with the U.S., where the GENIUS Act was signed into law by President Trump in July, as a reason for a limit on stablecoin holdings being necessary. “People in the U.S. get their mortgages from Fannie and Freddie, and they’re funded in financial markets,” Breeden said, referring to the Federal National Mortgage Association (known as Fannie Mae) and Federal Home Loan Mortgage Corp. (Freddie Mac). “People in the U.K. get their mortgages from commercial banks and so that need for limits as we transition to a world of stablecoins is one that is less pertinent to the U.S. regime.” The BOE did not respond to CoinDesk’s request for further comment. Source: https://www.coindesk.com/policy/2025/11/06/uk-stablecoin-rules-will-be-in-place-as-quickly-as-the-u-s-boe-says-bloomberg

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more