World · Regulation · United Kingdom ·
UK plans Bank of England mandate for stablecoin innovation
The UK government is expanding the Bank of England's remit to actively support digital payment innovation, including stablecoins, while maintaining financial stability as the primary duty. Annual reports to Parliament on the new objective are being planned.
Why it matters for the crypto market
A major economy is formally tasking its central bank to promote stablecoin and digital payment infrastructure, signaling regulatory openness to crypto-native financial tools.
Source: CoinDesk
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