Bank of England Plans to Finalize Stablecoin Regulations by Year-End
— FinanceFeeds
UK targets systemic risk control with flexible issuance caps and bank issuance rules for stablecoins.
Bank of England will publish its draft regulatory framework for systemic stablecoins next month, aiming to finalize it by year-end.
- The Bank of England introduces macroprudential rules for systemic stablecoins.
- New rules set aggregate issuance caps and issuance conditions for banks.
- The framework aligns UK regulations with evolving international digital asset standards.
Issuance caps and operational limits for banks aim to manage systemic risks in stablecoin markets, potentially shaping market dynamics.