Jon Cunliffe

Jon Cunliffe

Jon Cunliffe is deputy governor for financial stability at the Bank of England.

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The View | Stablecoins must be subject to ‘same business, same risk, same rules’ approach

Stablecoins could support competition in payments, deploying technology and innovation to reduce cost and offer new services. But when used at scale as a means of payment, they can present material risks to the financial system.

Stablecoins could support competition in payments, deploying technology and innovation to reduce cost and offer new services. But when used at scale as a means of payment, they can present material risks to the financial system.

Stablecoins must be subject to ‘same business, same risk, same rules’ approach
8 Oct 2021 - 2:36PM