BoE sets out AI, DLT and quantum computing strategy
Stablecoin limits may be temporary, deputy governor says
Stablecoin holding limits may be temporary, Bank of England deputy governor for financial stability Sarah Breeden said, as the central bank set out its artificial intelligence, distributed ledger technology (DLT) and quantum computing strategy this week.
Speaking on October 15 at DC Fintech Week, Breeden reiterated that the BoE sees stablecoin limits as the best way to avoid a “precipitous reduction in the availability of credit to UK borrowers” due a shift out of bank deposits.
However, limits
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