UK to Introduce Legislation on Stablecoins by August: BoE’s Cunliffe

Speaking at the Qatar Centre for Global Banking and Finance’s annual conference, Cunliffe said recent events have delayed plans a bit. He’s likely referring to the last 24 hours, when Treasury chief Rishi Sunak and senior Treasury official Jon Glen resigned from their roles in Prime Minister Boris Johnson’s government. Both Sunak and Glen had presented themselves as fans of crypto, announcing months ago their hope the U.K. would become a hub for digital assets.