Bank of England
The stablecoin industry is pushing back against the Bank of England's proposed ban on unhosted wallets. Industry observers warn that restricting such wallets could limit key applications like remittances.
Reported by AI
The Bank of England has issued its strongest warning yet about an potential AI-driven market bubble, comparing current US stock valuations to those at the height of the 2000 dotcom era. The central bank highlighted extreme market concentration and risks of a sharp correction if investor sentiment on AI sours. Spillover effects to Britain's financial system could be material, according to the report.