UK PAVES THE WAY FOR STABLECOIN GROWTH🇬🇧 The UK government wants to give the Bank of England (BoE) an additional mandate to support innovation in payments and digital money, including stablecoins.
👉 Key points:
The BoE will be expected to enable new payment models to develop safely.Systemic stablecoins will fall directly within the new regulatory scope.The BoE and FCA are building a regulatory framework that could allow stablecoins to operate at scale in the UK.
However, financial stability remains the No. 1 priority, while innovation is only a secondary objective.The UK is shifting from “tight control” to “regulation for growth.”
@BackcomGlobal
