Bank of England Governor Bailey calls for the establishment of globally unified regulatory standards for stablecoins.

CoinFeed reported on April 16th, citing Cryptopolitan, that Andrew Bailey, Governor of the Bank of England and Chairman of the Financial Stability Board, called for the establishment of globally unified regulatory standards for stablecoins. Speaking at an event hosted by the Institute of International Finance, he stated that progress in developing international standards for stablecoins has slowed over the past year, while these tokens are becoming increasingly integrated into the global financial system. Bailey pointed out that stablecoins only function effectively if users trust that they can be redeemed at face value at any time, and that countries should not have different regulatory rules. His call comes as the UK and the US are pushing forward with their respective national regulatory frameworks. The US Treasury Department has already issued a notice of proposed rulemaking, requiring stablecoin issuers to comply with strict anti-money laundering and sanctions compliance standards after the GENIUS Act fully takes effect in January 2027.