Bank of England to get secondary innovation objective for payments and digital money
- —Bank of England's secondary objective covers payments and digital money innovation
- —Financial stability remains the central bank's primary mandate
- —The mandate does not authorise individual stablecoin issuers
- —The Cryptoassets Regulations 2026 regime starts on 25 October 2027
Why it matters: The UK is building a stablecoin framework separate from the EU's, shaping operating conditions for issuers and payment firms in London.
Source: CryptoTicker
More on this
Regulation · Sep 18Digital Chamber backs SEC innovation exemption for blockchain
Regulation · Sep 22Congressman Warren Davidson Slams CBDCs as 'Communist Money for the Digital Age'
Regulation · Sep 24Swedish central bank chief: stablecoins won't replace bank money, but will sharpen payments competition