UK central bank plans to implement stablecoin regulations by end of 2026
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UK central bank plans to implement stablecoin regulations by end of 2026
According to Bloomberg, the Bank of England will launch a consultation on stablecoin regulation on November 10, aiming to establish a complete regulatory framework by the end of 2026. The new rules will closely align with U.S. regulations, focusing on bonds backing digital assets. This move is intended to address financial stability risks arising from the spread of digital currencies, although it has reportedly caused tensions between the central bank and the government.
Navigating Web3 tides with focused insightsTechFlow, October 18 — According to Bloomberg, the Bank of England will launch a consultation on stablecoin regulation on November 10, aiming to establish a complete regulatory framework by the end of 2026. The new rules will closely align with those in the United States, focusing on bonds backing digital assets. The move aims to address financial stability risks posed by the spread of digital currencies, although it is said to have triggered tensions between the central bank and the government.
