Coinbase CEO: UK Stablecoin Rules May Hinder Digital Economy Competition

Odaily News Coinbase CEO Brian Armstrong posted on the Twitter platform, stating that the UK's stablecoin rules are being finalized and may hinder the UK's competitiveness in the global digital economy.

For example, the Bank of England has proposed setting caps on stablecoin holdings for individuals and businesses.

The UK has long been a financial center, making it particularly important to embrace and encourage innovation, especially as other countries are developing rapidly.

The current regulatory direction is contrary and may become an obstacle to innovation.

If you are from the UK, you can sign the petition via @StandWCrypto_UK to advocate for a strategy that favors blockchain and stablecoin innovation.