How much influence should the Bank of England have over privately issued money?
Bitcoin Policy UK has submitted its response to the Bank’s draft Code of Practice for systemic sterling stablecoins.
We’ve asked the Bank to look closely at:
* the combined cost of the rules
* the 30% Bank of England deposit requirement
* up to 95% of backing assets in government debt for some issuers
* how much personal data is collected during redemption
* how dependent issuers become on Bank of England
Good regulation should reduce risk without closing the door to competition.
Read the full article and our submission:
https://bitcoinpolicy.uk/blog-1/f/our-ask-to-boe-on-stablecoins-regulate-the-risk-not-the-model
Susie (npub1hwg…03sg)
bitcoinpolicyuk / Bitcoin Policy UK
npub1z7…pd4yx
2026-09-20 09:57:34 UTC
Author Public Key
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wss://relay.primal.netPublished at
2026-09-20 09:57:34 UTCEvent JSON
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"content": "How much influence should the Bank of England have over privately issued money?\n\nBitcoin Policy UK has submitted its response to the Bank’s draft Code of Practice for systemic sterling stablecoins.\n\nWe’ve asked the Bank to look closely at:\n\n* the combined cost of the rules\n\n* the 30% Bank of England deposit requirement\n\n* up to 95% of backing assets in government debt for some issuers\n\n* how much personal data is collected during redemption\n\n* how dependent issuers become on Bank of England\n\nGood regulation should reduce risk without closing the door to competition.\n\nRead the full article and our submission:\n\nhttps://bitcoinpolicy.uk/blog-1/f/our-ask-to-boe-on-stablecoins-regulate-the-risk-not-the-model\n\nnostr:npub1hwgw0uznr49t4gullpgfz4m5xnakl5a0l88m3k382xv7ys0tfmlsd503sg ",
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