TechFlow News, May 20: According to The Block, Sarah Breeden, Deputy Governor for Financial Stability at the Bank of England, stated that the UK’s future financial system will advance tokenization, incorporating tokenized deposits, regulated stablecoins, and potentially a retail central bank digital currency (CBDC) into its retail payment system. The Bank of England plans to publish a draft regulatory framework for systemic stablecoins next month and finalize it by the end of 2026; temporary caps on stablecoin issuance volumes may be imposed if necessary. Breeden also noted that the Bank of England will continue supporting banks in developing tokenized deposits and advancing initiatives such as the Digital Securities Sandbox and Digital Gilt.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
