Bank of England Publishes Stablecoin Rules, Targets 2027 Launch

Cointelegraph Staff

(11:16 AM UTC)

1 min read

The Bank of England (BoE) published a policy statement and draft rules for systemic stablecoins on Monday, outlining how regulated British pound-backed stablecoins would operate in the United Kingdom.

The BoE defines systemic stablecoins as those that are widely used in payments and may pose risks to the UK’s financial stability. HM Treasury is responsible for determining whether a stablecoin…

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