Bank of England gets new stablecoin innovation goal
Bank of England gets new stablecoin innovation goal
Britain plans a secondary Bank of England objective supporting innovation across payments and digital money.Financial stability will remain the Bank’s primary duty, limiting how far innovation support can extend.The Bank would report annually to Parliament on progress under its proposed payments innovation objective.Lawmakers will next debate the Financial Services and Markets Bill on September 7 and 9.FCA authorization applications open September 30 before Britain’s mandatory crypto regime begins during October 2027.