Did Bank of England Stablecoin Blunder Just Spook $2Bn Coinbase Deal?

Acquisition talks between Coinbase and UK-based stablecoin startup BVNK have collapsed, likely influenced by the Bank of England's recent proposal for a stablecoin framework. This proposal may have raised concerns for Coinbase, leading to their decision to withdraw from the $2 billion deal. The situation highlights the potential impact of regulatory developments on cryptocurrency business transactions, emphasizing the need for clarity in the evolving landscape of digital currencies.