Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Bank of England governor sounds the alarm on stablecoins, thousands of savers face potential losses after a $2.7 million shortfall was discovered at Ziglu, and a British crypto fintech that entered special administration, Bitcoin retail interest is lagging despite the asset reaching new all-time highs.
Bank of England (BOE) governor Andrew Bailey issued a warning on Sunday against banks issuing stablecoins and said the BOE should adopt tokenized deposits instead.
Bailey said that stablecoins threaten the fabric of the financial system and could cause governments to lose control of their fiat currencies.
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