Members of the UK House of Lords question Coinbase executives about stablecoins, KYC, and bank outflows.
The members asked whether stablecoins could siphon deposits and threaten financial stability, and Coinbase and Innovate Finance warned that strict regulations could risk pushing innovation overseas.
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Members of the UK House of Lords question Coinbase executives about stablecoins, KYC, and bank outflows.
The members asked whether stablecoins could siphon deposits and threaten financial stability, and Coinbase and Innovate Finance warned that strict regulations could risk pushing innovation overseas.