Bank of England to Unveil Stablecoin Regulatory Regime, Keeping Pace With US
The Bank of England (BOE) is set to release its regulatory framework for stablecoins on November 10, aligning with US efforts to oversee digital assets. Deputy Governor Sarah Breeden emphasized the UK's timely progress, dismissing claims of lagging behind.
The framework introduces a dual-tier system, targeting 'systemic' stablecoins for stricter oversight while smaller ones remain under the Financial Conduct Authority's lighter regime. Temporary holding caps—£20,000 for individuals—aim to balance innovation and financial stability as tokenized payments grow.