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22 June 2021

‘Stablecoins Need The Same Regulation As Banks’: The Bank of England

‘Stablecoins Need The Same Regulation As Banks’: The Bank of England


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An increase in the use of digital currencies would also impact banks' liquidity ratios. 

Liquidity ratios are a collection of metrics to assess how well a company or bank can meet its debt obligations without raising more capital

As a thought experiment, the BoE modeled a scenario where a fifth of money held as retail deposits with banks was held as digital currencies. 

“As a result of this potential outflow, commercial banks would have to adapt their balance sheets in response to maintain their current liquidity ratio,” Bailey said.

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