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LONDON, Sept 3 (Reuters) – Financial regulators need to avoid playing capture up with digital payments techniques like crypto-assets and stablecoins, Bank of England Governor Andrew Bailey said on Thursday.
” If stablecoins are to be commonly used as a way of payment, they need to have equivalent requirements to those that remain in place today for other types of payment types and the types of cash moved through them,” Bailey stated in a speech to the Brookings Institute. (Reporting by Huw Jones; modifying by Tom Wilson).
