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flag UK urges stablecoin regulation like traditional money to ensure financial stability.

flag Bank of England Governor Andrew Bailey said the UK should embrace stablecoins, urging they be regulated like traditional money to ensure stability. flag He emphasized they can coexist with banks, allow non-banks to expand lending, and should have access to central bank accounts if widely used. flag The central bank plans a consultation on stablecoin rules, reflecting growing regulatory focus on digital assets' systemic risks.

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