Tech News
LAST UPDATE: September 15, 2025
Crypto groups hit out at Bank of England plan to limit stablecoin ownership
Industry representatives are criticizing a proposal by the Bank of England to impose restrictions on ownership of stablecoins, arguing the draft rules would hamper innovation and financial inclusion.
Insight
Regulatory tightening may protect financial stability, but risks stifling fintech development; policy design will need to balance risk mitigation with enabling responsible innovation.
US, China close to TikTok deal in Madrid talks, Bessent says
U.S. Treasury Secretary Scott Bessent indicated in Madrid that talks are nearing a deal over TikTok that would address U.S. concerns about data, security, and control, while exploring regulatory safeguards.
Insight
A TikTok deal could be a signal of willingness on both sides to manage tech tensions pragmatically; success may ease broader U.S.-China digital and trade frictions.
