News

PANews March 12 news, according to Bloomberg, Sarah Breeden, Deputy Governor of the Bank of England, hinted that regulators may soften their strict stance on stablecoin holding limits, after the proposal sparked strong opposition from the digital asset industry. Last November, the central bank proposed temporary holding limits for stablecoins deemed systemically important: £20,000 for individuals and £10 million for companies, to prevent risks from sudden transfers of customer deposits from banks to stablecoins. However, stablecoin issuers and the crypto industry warned that these limits are difficult to enforce and could stifle innovation. Breeden stated during a House of Lords committee meeting that the central bank is "open to other ways" to achieve the goal of protecting the UK economy, and is reviewing feedback received on last November's consultation paper. She acknowledged technical difficulties in implementing the limits, including how to effectively track token holders and holdings in secondary market transactions, as well as the cost-effectiveness of building systems for temporary restrictions. The central bank plans to finalize the regulations by the end of the year.

ChainCatcher News, according to Golden Ten Data, a research report from CITIC Securities stated that the US February CPI fully met expectations, and core inflation showed a moderate performance. It is expected that in March and April, due to rising oil prices and compensatory increases in rental inflation, the year-on-year growth rate of US CPI will rise, and then fluctuate around 3%. The Federal Reserve does not need to overreact to oil price fluctuations, the US dollar may remain relatively strong and volatile in the near term, and the ten-year US Treasury yield lacks sufficient room for decline.

格隆汇 March 12｜Amid ongoing conflicts in the Middle East, concerns over energy costs persist, and the Japanese stock market may decline. Nikkei index futures opened down 1,170 points at 54,055 points on the Singapore Exchange. Investors are closely watching developments in Iran and crude oil prices. The Nikkei average closed up 1.4% on Wednesday at 55,025.37 points.