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UK Regulators Weighing Regulations for Stablecoins

The Bank of England (BoE) is considering imposing limits on stablecoin payments in the UK. This is in response to the growing popularity of stablecoins, which are digital tokens designed to maintain a stable value by being backed by reserves such as fiat currency or commodities. The BoE is concerned about the potential risks stablecoins may pose to financial stability and consumer protection.